16 Enero 2020, USD/JPY
USDJPY trading plan:
A bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. United States and China touted the Phase 1 deal, signed at the White House. U.S. Vice President Mike Pence said further Phase 2 discussions had already begun as negotiators work to resolve differences. The deal caps years of U.S. tensions with China that boiled over into a trade war 18 months ago, as Trump slapped new duties on $370 billion worth of goods from China. China also has promised to open its financial services market, improve protections for intellectual property and forbid the forced transfer of technology to Chinese companies.
Trading recommendation: Buy 110.01 and take profit 110.38.
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