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Astra Zeneca paused a trial COVID-19 vaccine

Astra Zeneca paused a trial COVID-19 vaccine | 09 September 2020

09 September 2020, USD/JPY

USDJPY trading plan:

Britain’s Astra Zeneca pushing the pause button on trials of its COVID-19 vaccine candidate that it is developing with the University of Oxford, one of the forerunners in the race to reach the market as a cure for COVID-19. The pause, reportedly due to an adverse reaction in a trial participant in the U.K. MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.06%. Australian stocks dropped 2.47%, while shares in China fell 1.53%. Japan's Nikkei skidded 1.12%. This is a bad signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Sell 105.95 and take profit 105.60.

David Johnson
Analyst of «FreshForex» company
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