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The end of the trade war?

The end of the trade war? | 15 May 2019

15 May 2019, USD/JPY

The end of the trade war?

USDJPY trading plan:

If they want to reach a deal, it can definitely happen. It should be a good deal," -said D. Trump. President Trump showed no intention of escalating trade tensions in the wake of Beijing plans to launch retaliatory tariffs on U.S. goods. "We have a dialogue going. It will always continue," said Trump, who had earlier announced plans to meet Chinese President Xi Jinping at a G20 summit in Japan late next month in a bid to make progress on the trade dispute. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 109.51 and take profit 110.08.

David Johnson
Analyst of «FreshForex» company
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