Correlation between USDJPY and #SP500 | 14 Januari 2020
14 Januari 2020, USD/JPY
USDJPY trading plan:
A bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. U.S. equities rose to records, led by shares of technology companies. Apple and Microsoft pushed the S&P 500 to all-time intraday highs. President Donald Trump has said the U.S. and China will sign the accord on Wednesday. The U.S. in August first formally labeled China a currency-manipulator, a move that further escalated the trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation to new U.S. tariffs.
Trading recommendation: Buy 110.01 and take profit 110.38.
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.
