Good news and bad news | 05 Agustus 2020
05 Agustus 2020, USD/JPY
USDJPY trading plan:
Good news and bad news. The bullish rally in the gold market is a negative factor for USDJPY. Gold continues to set record highs after breaking past the $2,000 per ounce mark. The bullish rally on the U.S. stock market will have a positive impact on the value of USD JPY. A meeting between Democratic leaders and the White House on Tuesday ended on a positive note. Senate Majority Leader Mitch McConnell also said that he is prepared to support a deal even if he does not agree with parts of it.
Trading recommendation: range 105.40 - 106.00.
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.
