The end of the trade war? | 15 May 2019
15 May 2019, USD/JPY
USDJPY trading plan:
If they want to reach a deal, it can definitely happen. It should be a good deal," -said D. Trump. President Trump showed no intention of escalating trade tensions in the wake of Beijing plans to launch retaliatory tariffs on U.S. goods. "We have a dialogue going. It will always continue," said Trump, who had earlier announced plans to meet Chinese President Xi Jinping at a G20 summit in Japan late next month in a bid to make progress on the trade dispute. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 109.51 and take profit 110.08.
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.
