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The bullish rally in the stocks

The bullish rally in the stocks | 26 May 2020

26 May 2020, USD/JPY

The bullish rally in the stocks

USDJPY trading plan:

The bullish rally in the stocks market will have a positive impact on the value of USDJPY. Japan's Nikkei took the lead with a rise of 2.51% to its highest since early March when the economic impact of the COVID-19 was just becoming clear. Japan ended its nationwide state of emergency. This is a positive signal for the economy and the stock market! Chinese blue chips firmed 0.85% after the country's central bank said it would strengthen economic policy and continue to push to lower interest rates on loans.

Trading recommendation: Buy 107.70 and take profit 108.05.

David Johnson
Analyst of «FreshForex» company
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