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D. Тrump signed four executive orders

D. Тrump signed four executive orders | 10 Agosto 2020

10 Agosto 2020, USD/JPY

D. Тrump signed four executive orders

USDJPY trading plan:

US President Donald Trump signed four decrees aimed at allocating funds from the state budget to support the population during the COVID-19 pandemic. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The decrease in dollar rates on the interbank market continues in New York and London. The situation looks especially interesting in London, where the three-month Libor rate is approaching a five-year low. This is definitely a negative signal for the dollar.

Trading recommendation: range 105.50 -106.25.

David Johnson
Analyst of «FreshForex» company
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