Correlation between USDJPY and #SP500 | 19 Julio 2021

19 Julio 2021, USD/JPY

Correlation between USDJPY and #SP500

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.

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.