Good signal for the stock market and USDJPY | 21 May 2019
21 May 2019, USD/JPY
USDJPY trading plan:
Positive macroeconomic statistics from Japan will have a positive impact on the value of the Japanese yen. Gross domestic product expanded an annualized 2.1% in the three months through March. Investors expected a decrease of 0.2%.The positive dynamics is caused by the increase in public spending. The Japanese government fears a recession and increases spending. Economic stimulation is now observed in many countries. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. Big buys USDJPY should not wait today.
Trading recommendation: Buy 110.00 and take profit 110.60.
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.
