Correlation with the shares | 17 Junio 2019

17 Junio 2019, USD/JPY

Correlation with the shares

USDJPY trading plan:

We are expecting bullish trend in the stock market of the United States will have a positive impact on the value of USDJPY. The index of fear VIX is falling which indicates the growth of the value of the shares. The yield of U.S. Treasury bonds is now 2.1%. This is low. It is profitable for investors to buy shares. Stocks and bonds compete for investor’s money. During periods of low bond yields, it is advantageous for investors to buy shares. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 108.45 and take profit 108.75.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.