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The correlation between USDJPY and the stock market

The correlation between USDJPY and the stock market | 11 December 2019

11 December 2019, USD/JPY

The correlation between USDJPY and the stock market

USDJPY trading plan:

We are expecting the continuation of the bullish rally in the stock markets which will have a positive impact on the value of this currency pair. Fed is widely expected to hold rates steady. Last quarter's gains in unit labor costs and compensation are in line with other measures showing moderate wages gains, suggesting inflation will probably continue to run below the Fed's 2% target. The officials from Canada, Mexico and the United States signed a fresh overhaul of the quarter-century-old North American trade pact. This is a positive signal for the U.S. stock market!

Trading recommendation: Buy 108.63 and take profit 109.10.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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