Good and bad news | 24 Juni 2019

USDJPY trading plan:

Good and bad news for USDJPY today. The good news is the bullish trend in the U.S. stock market, as there is a correlation between USDJPY and #SP500. Positive macroeconomic statistics from the United States had a positive impact on the value of the shares of major corporations. The National Association of Realtors said on Friday existing home sales increased 2.5% to a seasonally adjusted annual rate of 5.34 million units last month. Demand this year is being fueled by lower mortgage rates, which have dropped since the Fed suspended its three-year monetary policy tightening campaign. The bad news is the bull rally in the gold market. The precious metal and the Japanese yen are correlated. This process can’s sales USDJPY.

Trading recommendation: range 106.95 -107.70.