Good and bad news | 31 أغسطس 2020

USDJPY trading plan:

Kono said he would think hard about running in a ruling party election to choose a successor to Prime Minister Shinzo Abe, who abruptly announced his resignation for health reasons on Friday. This is a negative signal for USD JPY. The Federal Reserve has published a schedule of government bond buybacks for the coming week. The maximum volume is today. This is a good signal for the American stock market. The #SP500 index is one step away from its all-time high and we are waiting for new records today! This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Trading recommendation: range 105.40 -106.25.