14 January 2020, USD/JPY
USDJPY trading plan:
A bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. U.S. equities rose to records, led by shares of technology companies. Apple and Microsoft pushed the S&P 500 to all-time intraday highs. President Donald Trump has said the U.S. and China will sign the accord on Wednesday. The U.S. in August first formally labeled China a currency-manipulator, a move that further escalated the trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation to new U.S. tariffs.
Trading recommendation: Buy 110.01 and take profit 110.38.