08 October 2019, USD/JPY
USDJPY trading plan:
The bullish rally on the U.S. stock market will have a positive impact on the value of the currency pair USDJPY. Vice Premier Liu He, China’s chief trade negotiator, is set to meet with his counterparts from Thursday. White House economic adviser Larry Kudlow said Chinese actions ahead of the trade talks been encouraging. He said the Trump administration remained optimistic of striking a deal at the talks that are resuming after being stalled in May. Trump is preparing for the next presidential election, which will be held in the United States in November 2020. Trade agreement with China will positively affect the political rating of Donald Trump!
Trading recommendation: Buy 107.20 and take profit 107.60.