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The correlation between USDJPY and the stock markets

The correlation between USDJPY and the stock markets | 14 December 2020

14 December 2020, USD/JPY

The correlation between USDJPY and the stock markets

USDJPY trading plan:

Britain began the mass-vaccination of its population against Covid-19 on Tuesday, becoming the first Western nation. India is accelerating its review of Pfizer's vaccine to for emergency use, a senior official said. Canadian health authorities could approve the vaccine within the next week, medical officials indicated. The European Medicines Agency said that if its experts have received enough data from Pfizer about the vaccine, the agency will complete its reviews by Dec. 29. This is a good signal for the stock markets and USD JPY, which has a correlation with the shares.

Investment idea: Buy 103.75 and take profit 104.15.

David Johnson
Analyst of «FreshForex» company
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