The correlation between USDJPY and the stock market | 20 Febrero 2020

20 Febrero 2020, USD/JPY

The correlation between USDJPY and the stock market

USDJPY trading plan:

We are expecting a bullish rally in the stock markets, which will have a positive impact on the value of USDJPY. The northern Chinese province of Hebei has set up a special financing project worth 50 billion yuan with China Development Bank to help get the regional economy up and running again after coronavirus disruptions. Chinese banks are rushing to issue low-cost deposits via the interbank market to help fund companies that are fighting the coronavirus outbreak. A total of 26 banks are issuing negotiable certificate of deposits to raise roughly 17 billion yuan. This is a positive signal for stock markets!

Trading recommendation: Buy 111.29 and take profit 111.50.

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