Astra Zeneca paused a trial COVID-19 vaccine | 09 سبتمبر 2020

09 سبتمبر 2020, USD/JPY

USDJPY trading plan:

Britain’s Astra Zeneca pushing the pause button on trials of its COVID-19 vaccine candidate that it is developing with the University of Oxford, one of the forerunners in the race to reach the market as a cure for COVID-19. The pause, reportedly due to an adverse reaction in a trial participant in the U.K. MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.06%. Australian stocks dropped 2.47%, while shares in China fell 1.53%. Japan's Nikkei skidded 1.12%. This is a bad signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Sell 105.95 and take profit 105.60.


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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