D. Тrump signed four executive orders | 10 أغسطس 2020

10 أغسطس 2020, USD/JPY

D. Тrump signed four executive orders

USDJPY trading plan:

US President Donald Trump signed four decrees aimed at allocating funds from the state budget to support the population during the COVID-19 pandemic. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The decrease in dollar rates on the interbank market continues in New York and London. The situation looks especially interesting in London, where the three-month Libor rate is approaching a five-year low. This is definitely a negative signal for the dollar.

Trading recommendation: range 105.50 -106.25.


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.
David Johnson
Analyst of «FreshForex» company
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