11 Maret 2021, USD/JPY
USDJPY trading plan:
A bullish rally in the US stock market will have a positive impact on the value of USDJPY as assets correlate. U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6% to 22.5. The U.S. government will first give Americans COVID-19 vaccines, but any surplus would be shared with the world, President Joe Biden said after earlier announcing plans to procure an additional 100 million doses.
Investment idea: buy 108.60 and take profit 109.10.