Trade negotiations the United States and China | 09 May 2019

USDJPY trading plan:

Investors are closely monitoring the progress of trade negotiations between the US and China. The results of the negotiations will be received tomorrow. This factor will have a strong impact on the course of trading on us stocks and USDJPY, which has a direct correlation with S&P500 index. We think the negotiations will be successful and officials will be able to cool the ardor of investors. The USA and China are interested in concluding a trade agreement. Both States are not interested in a trade war. USDJPY has stabilized at the psychological level of 110.00 - we are waiting for a technical correction to the level of 110.70.

Trading recommendation: Buy 110.00 and take profit 110.70