Panic in the Chinese stock market | 23 Januari 2020
23 Januari 2020, USD/JPY
USDJPY trading plan:
Good news and bad news. Sales of previously owned U.S. homes jumped in December to the best pace in nearly two years as historically low interest rates continued to lure buyers. Contract closings rose 3.6% from the prior month to a 5.54 million annual rate, according to National Association of Realtors. This is a positive signal for USDJPY. Panic coursed through the world’s second-largest equity market as investors sold stocks on concern a deadly virus will worsen over China’s week-long trading break. This is a positive bad signal for USDJPY.
Trading recommendation: range 109.34 -109.85.
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.
