Correlation of USDJPY and U.S. stock market | 02 January 2020

USDJPY trading plan:

We are expecting a continuation of the bullish rally in the stock markets, which will have a positive impact on the value of USDJPY. For the bulls, the coming year may still have a positive start from the phase one of the U.S.-China trade deal, which, according to a tweet by President Donald Trump on Tuesday, will be signed on Jan. 15. Opinion polls and bookmakers give President Donald Trump an even chance of re-election, something that would pave the way for another four years in which trade and fiscal policy are the cardinal factors for market developments. This is a positive signal for the stock markets!

Trading recommendation: Buy 108.50 and take profit 108.95.