Correlation between USDJPY and stock markets | 01 9月 2022

01 9月 2022, USD/JPY

Correlation between USDJPY and stock markets

USDJPY trading plan:

China's factory activity contracted for the first time in three months in August amid weakening demand, while power shortages and fresh COVID-19 flare-ups disrupted production, a private sector survey showed. The unexpectedly weak reading echoed China's official PMI released, which was also below the 50-point mark that separates growth from contraction on a monthly basis. "The economy is still slowly recovering from a widespread outbreak of COVID-19 in the first half of the year. Yet, local flare-ups and the punishing heatwave have disrupted the trend and created new downward pressures, posing a threat to the recovery," said Wang Zhe, senior economist at Caixin Insight Group. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: sell 139.50 and take profit 138.70.

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