01 октября 2019, USD/JPY
USDJPY trading plan:
The bullish rally in the stock markets will have a positive impact on the value of the currency pair USDJPY. The Trump Administration that it was not planning to disrupt capital flows between the U.S. and China. The Trump administration is also getting ready to host Chinese Vice Premier Liu He and other senior officials for trade talks expected Oct. 10-11. A truce in the US-China trade war will have a positive impact on the value of corporate shares. We are expecting to test the psychological level of 3000 points on the broad market index S&P500.
Trading recommendation: Buy 108.10 and take profit 108.46.
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