Tariffs on Chinese goods could be withdrawn | 22 اكتوبر 2019
22 اكتوبر 2019, USD/JPY
USDJPY trading plan:
Investors are increasing long positions on the stock markets, which will have a positive impact on the value of the currency pair USDJPY. U.S. President Donald Trump sounded upbeat on a China deal, while White House adviser L. Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well. Trump had agreed in principle to a “phase one” trade deal with China’s Vice Premier Liu He after high-level negotiations in Washington. The deal will be signed in Chile next month during the Asia-Pacific Economic Cooperation meetings.
Trading recommendation: Buy 108.40 and take profit 108.81.
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.
