Correlation with stock markets | 11 1月 2023

11 1月 2023, USD/JPY

Correlation with stock markets

USDJPY trading plan:

New bank lending in China unexpectedly rose in December from the previous month, central bank data showed, with 2022 setting a record high for lending as the central bank continued to support the COVID-ravaged economy. Chinese banks extended 1.4 trillion yuan in new yuan loans in December, up from November and beating analysts' expectations, according to data released by the People's Bank of China. As new loans came in higher than expected in December, there's a big hope of massive loan extension at the beginning of 2023, further boosting growth prospects. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 132.19 and take profit 132.60.

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