25 Juni 2019, USD/JPY
USDJPY trading plan:
Investors are expected the G-20 summit to be held in Tokyo on June 28-29. Investors are taking a wait-and-see position. President USA Donald Trump by tweeting last week that he had a “very good” phone call with Chinese President Xi Jinping, prompting speculation that the two might have a preliminary trade deal. United States and China trade negotiations are an important topic for financial markets. This is factor has a strong impact on the financial markets and the currency pair USDJPY, which has a correlation with the S&P500.
Trading recommendation: range 106.40 -107.30.