Good news and bad news. | 16 Julio 2020

USDJPY trading plan:

Good news and bad news. President Donald Trump has not ruled out additional sanctions on top Chinese officials over Beijing's crackdown in Hong Kong, a White House spokesman said. China threatening to retaliate after Trump also stripped Hong Kong of its special trading privileges and signed an executive order for initial sanctions on Tuesday. This is a negative factor. Moderna's potential COVID-19 vaccine reported positive results from its early trials on Tuesday. The research team reported in the New England Journal of Medicine that all 45 test subject’s developed neutralizing antibodies in their bloodstream at levels comparable to those found in people who survived COVID-19. This is a positive signal.

Trading recommendation: range 106.50 -107.35.