Correlation between USDJPY and S&P500 | 03 July 2019

03 July 2019, USD/JPY

USDJPY trading plan:

Traders still expect the Fed to cut interest rates at its July 31 policy meeting, despite the latest developments in trade talks. White house adviser on trade Peter Navarro accused the Federal Reserve that the rate hike by the regulator provokes fears of slowing economic growth. Donald Trump's team continues to put pressure on the leaders of the Federal Reserve. The U.S. President needs to reduce the interest rates of FOMC for a bullish rally in the stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.50 and take profit 108.00.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus