USA and China agree on a truce

12 September 2019, USD/JPY

USDJPY trading plan:

“At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th,” Trump said in a tweet posted. This is a positive signal for the stock markets! We're expecting the bullish rally in equity markets to continue. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. This is a positive signal for the stock markets!

Trading recommendation: Buy 107.50 and take profit 107.98.


David Johnson
Analyst of «FreshForex» company
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