06 Noviembre 2019, USD/JPY
USDJPY trading plan:
A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. A trade war between the world's top two economies cut U.S. imports of Chinese goods by more than a quarter, or $35 billion. The sector hit hardest by the U.S. tariffs are U.S. imports of Chinese office machinery and communication equipment, which fell by $15 billion. U.S. and Chinese officials appeared serious enough to clinch a partial trade deal by considering rolling back more tariffs than initially said. The end of the trade war will have a positive impact on stock markets.
Trading recommendation: Buy 108.90 and take profit 109.39.
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