Yellen advocates for a hefty fiscal relief | 20 January 2021

20 January 2021, USD/JPY

USDJPY trading plan:

Asian shares climbed to a record high, as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemic-driven slump. MSCI's Asia-Pacific index outside Japan rose 0.95%, reaching its highest level ever. U.S. President-elect Joe Biden, who will be sworn into office today, last week laid out a $1.9 trillion stimulus package proposal to boost the economy and speed up the distribution of vaccines. The stimulators bias of the incoming Biden administration’s economic policy is again at the center of Forex market attention.

Investment idea: range 103.40 -104.25.

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David Johnson
Analyst of «FreshForex» company
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