07 мая 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally in the U.S. stock market which will have a positive impact on the value of USDJPY. China's trade surplus for the period stood at $45.34 billion, compared with an expected $6.35 billion surplus and a surplus of $19.93 billion in March. This is positive news for the stock market! China will ensure foreign firms have equal access to government support policies, including those on land and tax cuts, the commerce ministry said. The Ministry made the comments at a weekly briefing in response to concerns raised by the American Chamber of Commerce in China in a recent white paper where it listed hurdles to what it described as a truly level playing field for U.S. firms in China.
Trading recommendation: Buy 106.25 and take profit 106.75.
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