USA vs China | 10 May 2019

10 May 2019, USD/JPY

USA vs China

USDJPY trading plan:

The CBOE Volatility Index, a gauge of investor anxiety, rose to its highest level in more than three months. This is a bad signal for USD JPY. The letter received from the President of China States the need to meet and try to conclude a deal - said D. Trump on Thursday. This factor can greatly change the trend. USDJPY may show a strong bullish trend. The conclusion of a trade agreement between the US and China will have a positive impact on the U.S. stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 109.50 and take profit 110.50

David Johnson
Analyst of «FreshForex» company
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