23 3月 2022, USD/JPY
USDJPY trading plan:
Japan stands ready to take further stimulus steps as economic and financial market uncertainty emerges over the Ukraine crisis, policymakers said on Tuesday, as parliament approved a record $900 billion state budget for the next fiscal year. The passage of the $900 billion budget through parliament paved the way for Prime Minister Fumio Kishida's administration to seek yet another spending package to support households facing rising food and fuel bills. Kishida said last week the government was ready to take further steps to cushion the blow from rising energy costs - a nod to the growing calls for another stimulus package. An increase in the money supply will have a negative impact on the value of the Japanese yen.
Investment idea: buy 120.50 and take profit 121.31.
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