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The correlation between USDJPY and the stock market

The correlation between USDJPY and the stock market | 31 January 2020

31 January 2020, USD/JPY

The correlation between USDJPY and the stock market

USDJPY trading plan:

The World Health Organization declared on Thursday that the coronavirus epidemic in China now constitutes a public health emergency of international concern. "Let me be clear, this declaration is not a vote of no confidence in China," Tedros Adhanom Ghebreyesus, WHO director-general said. This is a positive signal for stock markets! "We see no material impact on our economy," Larry Kudlow, director of the National Economic Council Director. Kudlow said the Trump administration had taken a look at the outbreak of SARS, or Severe Acute Respiratory Syndrome, in the early-2000s and found the economic impact on the United States had been negligible.

Trading recommendation: Buy 108.88 and take profit 109.30.

David Johnson
Analyst of «FreshForex» company
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