07 May 2019, USD/JPY
USDJPY trading plan:
Good news for buyers. Activity in China's services sector further improved in April, with export sales rising at a record pace. Export orders increased the most since the survey began measuring this in September 2014. Job creation in the sector rose the most in 10 months, but a sub-gauge measuring the outlook for the year ahead remained subdued, capped by concerns over the strength of the global economy. A new round of trade negotiations between the US and China will start on May 8, despite D. Trump's threats to impose duties on Chinese goods. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 110.51 and take profit 111.04.
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