06 Tháng Mười 2020, USD/JPY
USDJPY trading plan:
The bullish rally on the US stock market will have a positive impact on the value of USDJPY, as the currency pair correlates with the S&P500 index. White House Chief of Staff Mark Meadows said there was still potential to reach agreement with U.S. lawmakers on more COVID-19 relief and that Trump was committed to getting the deal done. The S&P index recorded 22 new 52-week highs. U.S. services industry activity picked up in September, pulling above a level that prevailed before the COVID-19 pandemic struck the nation. The Institute for Supply Management said its non-manufacturing activity index rose to a reading of 57.8 last month from 56.9 in August.
Trading recommendation: Buy 105.55 and take profit 106.00.
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