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Record increases in new cases COVID-19

Record increases in new cases COVID-19 | 25 Junio 2020

25 Junio 2020, USD/JPY

USDJPY trading plan:

Asian stocks posted their biggest drop in eight sessions. U.S. stock futures declined 0.25%. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares. Florida, Oklahoma and South Carolina reported record increases in new cases on Wednesday. Seven other states had record highs earlier in the week and Australia posted its biggest daily rise in infections in two months. The governors of New York, New Jersey and Connecticut ordered travellers from eight other states to quarantine on arrival, a worry for investors who had mostly been expecting an end to pandemic restrictions.

Trading recommendation: Sell 107.35 and take profit 107.05.

David Johnson
Analyst of «FreshForex» company
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