Positive macroeconomic statistics from Asia | 08 أغسطس 2019

USDJPY trading plan:

Positive macroeconomic statistics from Asia will have a positive impact on the value of USDJPY. China's exports unexpectedly returned to growth in July despite escalating U.S. trade pressure- July exports rose 3.3% from a year earlier, the fastest since March. But imports remained weak, declining 5.6% and highlighting still sluggish domestic demand. That left China with a trade surplus $45.06 billion last month, compared with a $50.98 billion surplus in June. This factor signals a bullish rally in the stock markets. USDJPY correlates with stock markets and we're expecting positive dynamics today.

Trading recommendation: Buy 106.04 and take profit 106.62.