Correlation with the stock market | 07 Maret 2019

07 Maret 2019, USD/JPY

Correlation with the stock market

USDJPY trading plan:

The decline in the yield of 10-year us Treasury bonds will have a positive impact on the U.S. equity market. Bond yields fall after the negative balance sheet for 2018-investors are full of pessimism. A 1.9 percent drop in exports of goods and services drove the trade deficit in December to $59.8 billion, the largest since October 2008. Imports of goods and services increased 2.1 percent to $264.9 billion in December. Capital flows will now leave the bond market and move to the stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 111.62 and take profit 112.19.


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.
David Johnson
Analyst of «FreshForex» company
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