The correlation between USDJPY and the stock markets | 05 3月 2020

05 3月 2020, USD/JPY

The correlation between USDJPY and the stock markets

USDJPY trading plan:

We are expecting a bullish rally on the Asian stock markets, which will have a positive impact on the value of USDJPY. The Federal Reserve and Bank of Canada had both responded by cutting interest rates by 50 basis points, and markets in the euro zone are pricing in a 90% chance that the ECB will cut its deposit rate, now minus 0.50%, by 10 basis points next week. America’s service industries in February enjoyed the fastest growth in a year. A gauge of orders increased to the highest level since June 2018 and a measure of employment reached a seven-month high. This is a positive signal for stock markets.

Trading recommendation: Buy 107.20 and take profit 107.40.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus