The bull rally

14 August 2019, USD/JPY

The bull rally

USDJPY trading plan:

We are expecting the bull rally to continue! USDJPY correlates with stock markets that show rapid growth. The Administration White House delayed the imposition of tariffs on some goods until Dec. 15, which should give retailers plenty of time to stock their shelves. The tariff delays were concentrated on a wide variety of goods that are big sellers in the holiday shopping season, including cell phones, tennis racquets, video game consoles, computer keyboards, footware and clothing. Inflation has remained moderate despite the White House's tariffs on Chinese imports as the duties have been largely on capital goods.

Trading recommendation: Buy 106.35 and take profit 107.01.

David Johnson
Analyst of «FreshForex» company
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