The correlation between the USDJPY and S&P500 | 24 July 2019

24 July 2019, USD/JPY

The correlation between the USDJPY and S&P500

USDJPY trading plan:

Bullish rally on the stock markets will have a positive impact on the value of the USDJPY. The United States and China will resume trade talks next week. Investors are increasing their long positions on corporate shares, as they expect positive trade negotiations. We are expecting a trade agreement between the US and China in October 2019. D. Trump will sign the agreement after the Federal Reserve interest rates decrease. The Federal Reserve may cut interest rates on July 31 and September 18. This is a positive signal for the stock market.

Trading recommendation: Buy 108.00 and take profit 108.33.

David Johnson
Analyst of «FreshForex» company
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