Correlation of USDJPY and stock markets | 17 Desember 2019
17 Desember 2019, USD/JPY
USDJPY trading plan:
A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. The so-called 'Phase One' trade deal between both countries has been "absolutely completed", Larry Kudlow, a top White House adviser said on Monday. The world's two largest economies announced a "phase one" trade deal that would nearly double U.S. exports to China. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.88% to 12.10. This is a positive signal for the U.S. stock market!
Trading recommendation: Buy 109.50 and take profit 109.90.
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.
