Correlation between USDJPY and #SP500 | 03 February 2021

03 February 2021, USD/JPY

Correlation between USDJPY and #SP500

USDJPY trading plan:

U.S. Senate took steps to allow Democrats to pass Biden's package without Republican support. The U.S. Treasury yield curve continued to steepen in Asian trading, reflecting expectations for more fiscal spending and growing economic optimism. The difference between the yield in two-year and 10-year Treasuries, the most-closely watched part of the yield curve, widened to 99.5 basis points. The roll-out of vaccines in many countries is gathering pace, earnings season in the United States and Japan has so far been favourable, and oil prices are at their highest in a year, which are all positive signs for the global economy. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 108.80 and take profit 105.15.

One of the highest demand products in FreshForex is invest-portfolios.

Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .