04 Tháng Chín 2020, USD/JPY
USDJPY trading plan:
The US Federal Reserve balance has increased by $ 17 billion over the past week, reaching a two-month high. The Fed continues to buy Treasury and mortgage bonds on its balance sheet and will do so for at least the next year. The S&P500 stock index has historically been correlated with the Fed's balance sheet. Yesterday's correction in the stock market offers a great opportunity to buy a stock index at a discount. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 106.11 and take profit 106.45.