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Trade negotiations the United States and China

Trade negotiations the United States and China | 11 June 2019

11 June 2019, USD/JPY

Trade negotiations the United States and China

USDJPY trading plan:

Bullish rally in the stock markets will have a positive impact on the value of USDJPY, which has a correlation with the stock markets. The S&P 500 index and the Dow Industrials rose to a one-month high, following their biggest weekly gains on Friday since the end of November. The benchmark index is now just 2% short of its all-time high hit in early May. The S&P index recorded 58 new 52-week highs and no new low. D. Trump said he was ready to conclude a trade deal with China. The Chinese are silent, but investors believe in the possibility of a trade agreement between Washington and Beijing. This is a positive signal for the stock markets!

Trading recommendation: Buy 108.45 and take profit 108.93.

David Johnson
Analyst of «FreshForex» company
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