To fight with the pandemic in 2020, the US government adopted 7 anti-crisis programs totaling $4 trillion. About $3 trillion was spent last year and $1 trillion will be spent this year. Taking into account the new program, which was recently adopted by Congress, the total amount of stimulus this year will be about $2.9 trillion.

Therefore, support for the economy will remain at approximately the same level. Last year, the American stock index #SP500 ended with a growth of quotations by 16%. This year the situation may repeat itself. Since the beginning of the year, the stock market has already added 4.5% in less than three months. A rise in the stock market will have a positive influence on the value of the USDJPY, inasmuch as the currency pair has been historically correlated with the #SP500 index.

Investment idea: Buy 108.70/108.503 and take profit 109.15.