The correlation between USDJPY and the stock markets | 03 Junio 2020
03 Junio 2020, USD/JPY
USDJPY trading plan:
We are expecting an uptrend to develop. Gold was down on Wednesday morning in Asia with increased investor optimism over the global economic recovery from the COVID-19 virus as countries continue to loosen lockdowns and restart their economies. This is a positive signal for USDJPY. The European Central Bank is expected to increase its 750 billion euro Pandemic Emergency Purchase Program. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 108.55 and take profit 108.90.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
