Stock market and USDJPY | 03 April 2019

03 April 2019, USD/JPY

USDJPY trading plan:

Investors are ready to buy shares - this is a positive signal for USDJPY, which has a correlation with the shares. Trade negotiations the United States and China can conclude in April with the signing of the agreement. This week, a delegation from China will come to Washington to agree on a future agreement. The news on employment from the Agency ADP can please trader’s positive data. This will have a positive impact on the value of shares in the United States. ISM in its latest industry report showed a high level of employment. This is a good signal for the U.S. economy.

Trading recommendation: Buy 111.30 and take profit 111.80.

David Johnson
Analyst of «FreshForex» company
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