USDJPY – Down
USDJPY trading plan:
While some countries are still suffering terribly in the grip of COVID-19, the economic outlook in the United States has clearly brightened. Vaccination levels are rising. Fiscal and monetary policies are providing strong support. The economy is reopening, bringing stronger economic activity and job creation. The Federal Reserve promotes maximum employment and price stability—two foundations of a strong, stable economy that can improve economic outcomes for all Americans. Traders’ focus is now on services figures due on Wednesday and payrolls data on Friday and markets seem finely balanced. Some investors say strong figures might boost the dollar by bringing forward expectations for higher interest rates.
Investment idea: buy 109.00 and take profit 109.42.
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