Negative dynamics of stock markets | 21 February 2020
21 February 2020, USD/JPY
USDJPY trading plan:
Japan's flash manufacturing surveys index dropped to 47.6 in February, from 48.8, marking the steepest contraction in seven years. China's exports and imports will fall sharply in January and February as the coronavirus outbreak severely disrupts activity in the world's third -largest economy. The epidemic is set to be a major focus of discussion at a meeting on the weekend of finance leaders from the Group of 20 major economies, Bank of Japan Governor Haruhiko Kuroda said, amid rising risks to global growth. This is a negative signal for stock markets.
Trading recommendation: range 111.75-112.20.
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.
