Correlation between USDJPY and the U.S. stock market | 04 Septiembre 2020

04 Septiembre 2020, USD/JPY

USDJPY trading plan:

The US Federal Reserve balance has increased by $ 17 billion over the past week, reaching a two-month high. The Fed continues to buy Treasury and mortgage bonds on its balance sheet and will do so for at least the next year. The S&P500 stock index has historically been correlated with the Fed's balance sheet. Yesterday's correction in the stock market offers a great opportunity to buy a stock index at a discount. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 106.11 and take profit 106.45.

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.