Correlation with the shares | 17 June 2019
17 June 2019, USD/JPY
USDJPY trading plan:
We are expecting bullish trend in the stock market of the United States will have a positive impact on the value of USDJPY. The index of fear VIX is falling which indicates the growth of the value of the shares. The yield of U.S. Treasury bonds is now 2.1%. This is low. It is profitable for investors to buy shares. Stocks and bonds compete for investor’s money. During periods of low bond yields, it is advantageous for investors to buy shares. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 108.45 and take profit 108.75.
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.
