Today the House of Representatives will vote on D. Biden’s anti-crisis program in the amount of $1.9 trillion. The population will receive the first payments at the end of this month. US Treasury Secretary D. Yellen says that this program will not solve all the problems in the economy, but will help to partially restore the labor market.

For the US stock market and the USDJPY currency pair, this is a mildly positive factor. Investors are still selling “defensive assets” (gold, yen and Swiss franc) and during such periods it is advisable to trade with the trend in this currency pair. Therefore, we need to buy at the nearest strong support level, which is located at 108.44.

Investment idea: Buy 108.80/108.55 and take profit 109.20.