Trade negotiations the United States and China | 05 Desember 2019

USDJPY trading plan:

The bullish rally in the stock markets will have a positive impact on the value of this currency pair. China and the United States may soon seal a "phase one" deal to end their 17-month trade war. Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Asian nation's commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal. "The Chinese side believes that if the two sides reach a phase one deal, tariffs should be lowered accordingly," commerce ministry spokesman Gao Feng told reporters.

Trading recommendation: Buy 108.77 and take profit 109.25.

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