The correlation USDJPY and #SP500 | 15 Juli 2019

15 Juli 2019, USD/JPY

The correlation USDJPY and #SP500

USDJPY trading plan:

Bullish rally in the U.S. stock market will have a positive impact on the value of USD JPY. The Dow Jones industrial average has broken another record, trading above 27332 for the first time. Investors expect Federal Reserve interest rates to fall on July 31 and September 18. Fed Chairman Jerome Powell told lawmakers the U.S. central bank would "act as appropriate" to protect the economy against these risks. This is a positive signal for the stock market. Low interest rates have always had a positive impact on the value of corporate shares!

Trading recommendation: Buy 107.52 and take profit 108.01.

David Johnson
Analyst of «FreshForex» company
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