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Geopolitical tensions

Geopolitical tensions | 27 May 2020

27 May 2020, USD/JPY

USDJPY trading plan:

Geopolitical tensions between the United States and China are having a negative impact on the American stock market and USDJPY. Riot police in the Asian financial hub fired pepper pellets on protesters in the main business district, rekindling concerns about the disruptive protests seen last year that hit the territory's economy. U.S. President Donald Trump said he was preparing to take action against China this week over its effort to impose national security laws on Hong Kong. China counter-threatened retaliation against any U.S. measures, which could include sanctions and visa restrictions for entities involved with enforcing the laws.

Trading recommendation: range 107.20 -107.80.

David Johnson
Analyst of «FreshForex» company
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