Correlation with the American stock market

11.03.2021

The US Congress adopted Joe Biden’s anti-crisis program. Cash payments to households and small businesses will begin in two weeks, which will have a positive influence on the American economy and the stock market. Half of the households that will receive payments under this program are ready to spend about 30% of the funds on the purchase of shares, which will further spur the growth of the stock market.

In 2020, the American government implemented 3 anti-crisis programs, under which the population was actively buying up shares. Now the situation will repeat itself. This is a positive signal for USDJPY, inasmuch as this currency pair has been historically correlated with the US stock market.

Investment idea: Buy 108.52/108.35 and take profit 109.00.