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Correlation between S&P500 and USDJPY

Correlation between S&P500 and USDJPY | 25 February 2020

25 February 2020, USD/JPY

Correlation between S&P500 and USDJPY

USDJPY trading plan:

We are expecting a bullish rally on the U.S. stock market which will have a positive impact on the value of USDJPY. U.S. Treasury yields reached their lowest since mid- 2016. Low Federal Reserve interest rates have a positive impact on the debt market. Investors are expected the FOMC to cut interest rates in the first month of summer. This is a positive signal for stock markets! Chinese President Xi Jinping said on Monday will adjust policy to help cushion the blow to the economy from the virus outbreak. This factor will provide additional support to stock markets.

Trading recommendation: Buy 110.63 and take profit 111.00.

David Johnson
Analyst of «FreshForex» company
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