Correlation with the stock market | 22 April 2019

22 April 2019, USD/JPY

Correlation with the stock market

USDJPY trading plan:

The course of trading will continue to depend on the dynamics of the stock market. The U.S. stock market grew on last week - the leaders of the growth were securities of the high-tech sector. This is a good signal! The growth of stock markets will have a positive impact on the value of USDJPY. Interest rates on U.S. bonds are falling - this is a positive factor for the shares. The Federal Reserve will reduce the sale of the sleep bond $ 20 billion from May 1. This factor will have a positive impact on the share price.

Trading recommendation: Buy 111.83 and take profit 112.15.

David Johnson
Analyst of «FreshForex» company
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