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A punitive U.S. response to China

A punitive U.S. response to China | 28 May 2020

28 May 2020, USD/JPY

A punitive U.S. response to China

USDJPY trading plan:

Geopolitical tensions between the United States and China are having a negative impact on the American stock market. China signaled it would move forward with laws that would take aim at anti government protests and other dissent in Hong Kong. The proposal for new legislation is expected to be passed today by the National People's Congress. A punitive U.S. response to China on the issue of Hong Kong could result in a tit-for-tat reaction from Beijing, further straining ties between the world's two biggest economies and further hobbling global growth.

Trading recommendation: range 107.30 -108.00.

David Johnson
Analyst of «FreshForex» company
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