The US Federal Reserve raised its forecast for GDP growth for 2021 from 4.2% to 6.5%. Therefore, by the end of this year, the American economy will be able to fully compensate for all the lost ground during the coronavirus pandemic.

This is an unequivocally positive signal for the American stock market, so it is not surprising that the day before, it has renewed its historical maximum for the S&P500 and DJI30 indices again. Inasmuch as this currency pair has historically been highly correlated with the American stock market, a decrease in the USDJPY quotes should be used to open Buy positions.

Investment idea: Buy 108.60/108.40 and take profit 109.27.