Correlation with stock markets | 30 11月 2021

30 11月 2021, USD/JPY

Correlation with stock markets

USDJPY trading plan:

Japan's industrial output rose in October for the first time in four months as re-opening of Asian factories eased supply constraints for automakers. Factory output grew 1.1% from the previous month in October, government data showed, marking the first increase since June. Carmakers offset shrinking production in sectors such as chemical, steel and electronic components and devices. The Bank of Japan's Dec. 16-17 rate-review is set to see no change in its ultra-easy policy but it may decide whether to extend pandemic-relief lending programmes beyond the current March 2022 deadline. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 112.97 and take profit 113.78.

David Johnson
Analyst of «FreshForex» company
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


Get bonus