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Correlation of USDJPY and stock markets

Correlation of USDJPY and stock markets | 27 Agosto 2019

27 Agosto 2019, USD/JPY

Correlation of USDJPY and stock markets

USDJPY trading plan:

The course of trading is determined by the dynamics of stock markets. Asian stocks rose, after U.S. President Donald Trump softened his tone against China and predicted the two countries would be able to reach a trade deal. Trump said that Chinese officials had contacted their U.S. trade counterparts and offered to resume negotiations. Geopolitical tensions in the world are high. China has allowed the tightly-managed Yuan to slide roughly 4% so far this month as trade tensions with the United States worsened. We are expecting calm trading in equity markets today.

Trading recommendation: range 105.30-106.20.

David Johnson
Analyst of «FreshForex» company
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