18 февраля 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally in the stock markets, which will have a positive impact on the value of USDJPY. China said it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil. China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years. This is a positive signal for stock markets!
Trading recommendation: Buy 109.70 and take profit 110.08.
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