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.

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