27 февраля 2020, USD/JPY
USDJPY trading plan:
Good news and bad news. The number of new coronavirus infections outside China exceeded the number reported in China for the first time ever today, the World Health Organizations said. Meanwhile, the Centers for Disease Control and Prevention confirmed the first possible community transmission of the coronavirus in America today. This is a negative signal for stock markets and USDJPY. U.S. retail sales are expected to rise between 3.5% and 4.1% to more than $3.9 trillion in 2020 despite fears surrounding the coronavirus outbreak and an ongoing trade war, the National Retail Federation said. This is positive news for the U.S. currency!
Trading recommendation: range 109.85 -110.25.
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