Correlation between USDJPY and the U.S. stock market | 01 11月 2021

01 11月 2021, USD/JPY

Correlation between USDJPY and the U.S. stock market

USDJPY trading plan:

The U.S. Treasury Department is expected to reduce the size of its upcoming auctions when it announces its funding plan for the coming quarter on today, the first step in lowering debt supply as the federal government moves past its emergency-level response to the coronavirus pandemic. The move, which is well anticipated on Wall Street, will likely total an $800 billion cut in nominal auction sizes in the 2022 fiscal year compared with the 2021 fiscal year. The Treasury Department's funding plans will also likely reflect the unsettled question of the debt ceiling, which constrains the U.S. government's borrowing limit. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 113.95 and take profit 114.40.

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