The correlation between USDJPY and S&P500 | 15 April 2020
15 April 2020, USD/JPY
USDJPY trading plan:
We are expecting the bullish rally in the U.S. stock market to continue! "In the next few days, he will be making some very important announcements regarding those (social-distancing) guidelines," National Economic Council Director Larry Kudlow told Fox Business Network. "We want to get folks back to work," he added. "We want to do it as quickly as possible. It has to be safe. It has to be driven by the data from our health specialists." This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 106.88 and take profit 107.33.
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.
