Correlation between USDJPY and the US stock market | 07 5月 2021

07 5月 2021, USD/JPY

USDJPY trading plan:

Financials and industrials led rally in U.S. shares after a report showed the number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started, signaling the labour market recovery entered a new phase amid a booming economy. Fed Chair Jerome Powell has argued the labour market is far short of where it needs to be to start talking of tapering asset purchases. The central bank has said it will not raise its benchmark Fed funds rate through 2023. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 109.00 and take profit 109.40.

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