Correlation of USDJPY and S&P500 | 13 Marzo 2019

13 Marzo 2019, USD/JPY

Correlation of USDJPY and S&P500

USDJPY trading plan:

The course of trading will continue to depend on the dynamics of the stock market. The U.S. stock market grew - the leaders of the growth were securities of the high-tech sector. This is a good signal for investors! The bullish trend has shown Apple's stock. Apple's video streaming service could reach 100 million subscriptions in three to five years, bringing $7 billion to $10 billion in annual revenue. On the trade front, U.S. trade representative R. Lighthizer said the U.S. and China were in the "final weeks" of trade talks. USD PY has a correlation with the S&P500 index. The growth of the stock market is a good signal for the bulls!

Trading recommendation: Buy 111.18 and take profit 111.76.


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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