Correlation between USDJPY and #SP500 | 19 Julio 2021
19 Julio 2021, USD/JPY
USDJPY trading plan:
Though worries about inflation hurt consumer sentiment this month, spending was likely to remain underpinned by record savings and rising wealth. U.S. households accumulated at least $2.5 trillion in excess savings during the pandemic. Starting this month through December, some households will receive income under the expanded Child Tax Credit program, which should help middle- and lower-income households to maintain spending. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: buy 109.80 and take profit 110.25.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
