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Correlation of USDJPY and stock markets

Correlation of USDJPY and stock markets | 17 December 2019

17 December 2019, USD/JPY

USDJPY trading plan:

A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. The so-called 'Phase One' trade deal between both countries has been "absolutely completed", Larry Kudlow, a top White House adviser said on Monday. The world's two largest economies announced a "phase one" trade deal that would nearly double U.S. exports to China. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.88% to 12.10. This is a positive signal for the U.S. stock market!

Trading recommendation: Buy 109.50 and take profit 109.90.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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