11 Juni 2019, USD/JPY
USDJPY trading plan:
Bullish rally in the stock markets will have a positive impact on the value of USDJPY, which has a correlation with the stock markets. The S&P 500 index and the Dow Industrials rose to a one-month high, following their biggest weekly gains on Friday since the end of November. The benchmark index is now just 2% short of its all-time high hit in early May. The S&P index recorded 58 new 52-week highs and no new low. D. Trump said he was ready to conclude a trade deal with China. The Chinese are silent, but investors believe in the possibility of a trade agreement between Washington and Beijing. This is a positive signal for the stock markets!
Trading recommendation: Buy 108.45 and take profit 108.93.