07 February 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally on the U.S. stock market, which will have a positive impact on the value of USDJPY. Chinese President Xi Jinping and his U.S. counterpart Donald Trump held a conversation and reaffirmed their commitment to implementing Phase 1 of the trade deal were cited as a headwind for the safe-haven metal. On Thursday, China has moved to lower tariffs on $75 billion in U.S. imports, as part of its recent partial trade agreement with the U.S. Beijing has pumped billions of dollars into the money market to stabilize confidence and the central bank said on Friday it expects the virus impact to be temporary. This is a positive signal for stock markets!
Trading recommendation: Buy 109.78 and take profit 110.23.
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Make a strong strategic move!
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