09 Maret 2021, USD/JPY
USDJPY trading plan:
A bullish rally on the U.S. stock market will have a positive impact on the value of this currency pair. The U.S. Senate passed the $1.9 trillion COVID-19 relief package. President Joe Biden said he hoped for a quick passage of the revised bill by the House of Representatives so he could sign it and send $1,400 direct payments to Americans. Prospects of more government spending and faster economic growth have stoked fears of a spike in inflation, sending the benchmark 10-year Treasury yield to near one-year highs.
Investment idea: buy 108.87 and take profit 109.33.