Correlation with stock markets | 21 2月 2023

21 2月 2023, USD/JPY

Correlation with stock markets

USDJPY trading plan:

China kept its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world's second-largest economy showing more signs of recovery from a pandemic-induced slump. A clutch of better-than-expected data recently suggests economic activity is rebounding as Beijing exited from its stringent zero-COVID strategy in December and shifted to a pro-growth policy stance. the PBOC to stay accommodative in the first half of this year, but only through liquidity-related actions, not rate cuts. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 134.00 and take profit 134.69.

Do you want to earn on your forecast?

Join our community on Instagram or Facebook! Every week we give $50 to the trading account to the authors of the most accurate forecasts. The giveaway has already started! Forecasts are accepted until 11:30 GMT February 21.

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.