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Trade negotiations the United States and China

Trade negotiations the United States and China | 01 July 2019

01 July 2019, USD/JPY

Trade negotiations the United States and China

USDJPY trading plan:

We are expecting a bullish rally in the stock markets which will have a positive impact on the value of USDJPY, as the currency pair is correlated with the stock markets. The United States and China agreed to restart trade talks and USA will not levy new tariffs on Chinese exports, China's foreign ministry said, raising hopes for the world's two largest economies to resolve their trade war. "We're right back on track and we'll see what happens," said U.S. President Donald Trump told reporters after meeting Chinese President Xi Jinping.

Trading recommendation: Buy 108.05 and take profit 108.51.

David Johnson
Analyst of «FreshForex» company
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