Correlation between USDJPY and the U.S. stock market | 13 tháng Tám 2021

13 tháng Tám 2021, USD/JPY

USDJPY trading plan:

The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of investment funds. Since the release last week of a strong U.S. jobs report, which showed an unexpectedly sharp drop in the unemployment rate to 5.4% in July, a flurry of Fed officials have suggested the U.S. central bank might start reducing its $120 billion in monthly purchases of Treasuries and mortgage-backed securities sooner rather than later. The poll concluded the Fed will start with monthly reductions of $10 billion in its purchases of Treasuries and $5 billion in those of mortgage-backed securities. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 110.15 and take profit 110.70.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .