A positive signal for the stock markets! | 31 December 2020

31 December 2020, USD/JPY

A positive signal for the stock markets!

USDJPY trading plan:

Dividend payments to investors in the S&P 500 rose to a new record in 2020, up 0.7% to $58.28 per share from the previous record set in 2019. A record dividend payment in the first quarter of 2020, and a stronger than expected payment in the fourth quarter led to record payouts to investors, the ninth straight annual record. While the S&P 500 index hit its lowest since 2016 in the early stages of the coronavirus pandemic, the U.S. stock index has since reached record highs. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 103.00 and take profit 103.35.


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.
David Johnson
Analyst of «FreshForex» company
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