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The correlation between the USDJPY and S&P500

The correlation between the USDJPY and S&P500 | 12 November 2019

12 November 2019, USD/JPY

The correlation between the USDJPY and S&P500

USDJPY trading plan:

We are expecting a bullish rally in the stock markets which will have a positive impact on the value of the USDJPY. Trump speaks to the Economic Club of New York later on Tuesday, and markets will be keen for any update on the talks. Investors are expected positive comments on the US-China trade talks. “You can expect the president to highlight how his policies of lower taxes, deregulation, and fair and reciprocal trade have supported the longest economic recovery in U.S. history with record low unemployment, rising wages, and soaring consumer confidence," White House spokesman Judd Deere said. He declined to give further details.

Trading recommendation: Buy 109.15 and take profit 109.55.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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