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China suffered a setback

China suffered a setback | 02 April 2020

02 April 2020, USD/JPY

China suffered a setback

USDJPY trading plan:

China suffered a setback after a county in central China’s Henan province went into lockdown, following several infections in the area. The fresh outbreak comes as some question whether China has concealed the real number of infections and deaths in the country. China has deliberately under-reported the total number of coronavirus cases and deaths in the country, the U.S. intelligence community told the White House. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Sell 107.40 and take profit 106.90.

David Johnson
Analyst of «FreshForex» company
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