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China and the U.S. have agreed to proportionally roll back tariffs

China and the U.S. have agreed to proportionally roll back tariffs | 07 November 2019

07 November 2019, USD/JPY

China and the U.S. have agreed to proportionally roll back tariffs

USDJPY trading plan:

China and the U.S. have agreed to proportionally roll back tariffs on each other’s goods in phases. The amount of tariff relief that would come in the first phase, set to be signed in the coming weeks, would depend on the content of that agreement, spokesman Ministry of Commerce China Gao Feng said without giving further details. The two sides had “constructive talks” in the past two weeks, he said. The two sides continue to negotiate over where and when a “Phase One” deal would be signed. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 108.88 and take profit 109.31.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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