Positive signal from China | 28 ديسمبر 2020
28 ديسمبر 2020, USD/JPY
USDJPY trading plan:
China's finance ministry said it will extend tariff exemptions for imports of 6 products from the United States including white oil and food-grade petroleum wax, for another year. The extension, effective on Dec. 26, will last through Dec. 25, 2021, the ministry said. China announced tariff exemptions on the 6 chemical and oil products from the U.S. in December last year, shortly after the two countries announced a Phase 1 trade deal. This is a good signal for the stock markets and USD JPY, which has a correlation with the shares.
Investment idea: Buy 103.30 and take profit 103.70.
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.
