The trade war | 06 أغسطس 2019
06 أغسطس 2019, USD/JPY
USDJPY trading plan:
The trade war between the US and China has a negative impact on the value of USDJPY. Beijing said local firms have halted U.S. agricultural purchases. The Chinese measures followed U.S. President Donald Trump's threat last week to impose 10% tariffs on $300 billion of Chinese imports starting Sept. 1. China let the Yuan weaken past the key 7 per dollar level amid the escalating trade war with the United States. Investors are sell's high-yield assets and buy's low-yield assets. This is a positive signal for the Japanese yen.
Trading recommendation: Sell 107.10 and take profit 106.60.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
