The correlation between USDJPY and the stock markets | 21 Enero 2020

21 Enero 2020, USD/JPY

The correlation between USDJPY and the stock markets

USDJPY trading plan:

We are expecting a bullish rally on the stock markets that will have a positive impact on the value of USDJPY. The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts. This is a positive signal for stock markets! The BOJ kept its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%. The BOJ also signaled cautious optimism over the global economy after the United States and China agreed on a preliminary deal to defuse their bitter trade war.

Trading recommendation: Buy 109.90 and take profit 110.33.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus