Correlation between USDJPY and the U.S. stock market | 13 يوليو 2020
13 يوليو 2020, USD/JPY
USDJPY trading plan:
The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2161 to 704 and 61 ended unchanged; on the Nasdaq Stock Exchange, 1656 rose and 1039 declined, while 68 ended unchanged. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.73% to 27.29 a new 1-month low. The Federal Reserve and the US Treasury are implementing incentive programs that have a positive impact on the value of corporate shares.
Trading recommendation: Buy 106.95 and take profit 107.30.
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.
