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Сorrelation with the shares

Сorrelation with the shares | 27 June 2019

27 June 2019, USD/JPY

Сorrelation with the shares

USDJPY trading plan:

Investors are expected to grow the stock markets. Trade negotiations between Washington and Beijing are positive. Treasury Secretary Steve Mnuchin said a deal is "90% complete". D. Trump said that he is “very happy with where we are now. We’re taking in a fortune, and frankly it's not a very good thing for China, but it is a good thing for us.” Donald Trump and Chinese President Xi Jinping will avoid escalating their dispute over trade when they meet on Saturday on the sidelines of the G20 summit. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.76 and take profit 108.20.

David Johnson
Analyst of «FreshForex» company
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