22 Oktober 2020, USD/JPY
USDJPY trading plan:
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will to bridge remaining gaps in their talks over comprehensive coronavirus relief, blowing past Pelosi’s self-imposed Tuesday deadline amid signs of progress toward a pre-election deal. The speaker agreed to continue talking beyond her original cut-off, saying an agreement with the Trump administration needs to be done by the weekend to get a bill passed by the end of next week, ahead of Election Day Nov. 3. “Today’s deadline enabled us to see that decisions could be reached and language could be exchanged, demonstrating that both sides are serious about finding a compromise,” Pelosi wrote to fellow House Democrats.
Trading recommendation: range 104.60 -105.45.