Correlation of USDJPY and #SP500 | 16 ديسمبر 2019

USDJPY trading plan:

We are expecting the uptrend to develop today. The U.S. and China said they agreed to the details of the first phase of a broader trade agreement in a move that will see the U.S. reduce tariffs. Trump agreed to reduce some existing U.S. tariffs, halving 15% duties on $120 billion of imports but maintaining a 25% levy on some $250 billion of Chinese goods. He said he would also delay new import taxes set to take effect on Sunday on $160 billion of products such as smartphones and toys. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 109.30 and take profit 109.79.

TRADE OILS WITHOUT SWAPS!