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Correlation of USDJPY and stock markets

Correlation of USDJPY and stock markets | 30 August 2019

30 August 2019, USD/JPY

Correlation of USDJPY and stock markets

USDJPY trading plan:

The course of trading is determined by the mood of investors in the stock markets. The United States and China returned to the negotiating table to resolve their tariff dispute and on hopes central banks and governments will do more to avert a global growth slowdown. China's commerce ministry also said a September round of meetings was being discussed by the two sides. Leading stock indexes in Asia and North America show an uptrend. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Trading recommendation: Buy 106.20 and take profit 106.70.

David Johnson
Analyst of «FreshForex» company
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