USDJPY – the likelihood of growth prevails

08.12.2021

Important events today:

18.30 Moscow time – USA: data on crude oil reserves from the Department of Energy.

USDJPY:

Dr. Anthony Fauci, medical adviser to US President Joe Biden, said that the new strain of COVID-19 does not yet give reason to consider it more severe than the previous ones. This is clearly a good signal for the US stock market and the dollar in general.

The stock market is also supported by the growth of household income. In the states, hourly wages increased 3.9%. This is due to the fact that companies raise salaries and other payments to employees to attract new and retain current workers in the field due to a lack of qualified labor.

Recommendation: buy 113.35 / 113.10 and take profit 114.00