Correlation of USDJPY and U.S. stock market | 27 Desember 2019

USDJPY trading plan:

A bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. Donald Trump said he and Chinese President Xi Jinping would have a signing ceremony for the so-called Phase 1 agreement to end their trade dispute that was put together earlier this month. The Nasdaq breached the 9,000-point mark for the first time. Hopes of a breakthrough in the prolonged trade war, combined with a loose monetary policy and robust domestic data, have powered U.S. stocks to record highs in the past few weeks.

Trading recommendation: Buy 109.46 and take profit 109.80.

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