Correlation between USDJPY and the U.S. stock market | 07 12月 2020

07 12月 2020, USD/JPY

Correlation between USDJPY and the U.S. stock market

USDJPY trading plan:

U.S. Commerce Department said the trade gap rose 1.7% to $63.1 billion in October. Data for September was revised to show a $62.1 billion deficit instead of $63.9 billion as previously reported. Imports increased 2.1% to $245.1 billion. Goods imports gained 2.1% to $207.8 billion. Exports accelerated 2.2% to $182.0 billion. Goods exports jumped 3.0% to $126.3 billion. The trade could contribute to economic growth in the fourth quarter. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Investment idea: Buy 104.10 and take profit 104.50.

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