11 November 2019, USD/JPY
USDJPY trading plan:
Donald Trump's comments on trade talks between Washington and Beijing could force investors to lock in profits on long positions on stocks market. This is a negative signal for the stock market and USD JPY, which has a correlation with the shares. Donald Trump said on Friday that he would not fully roll back tariffs, but that a deal could be signed with Chinese President Xi Jinping in Iowa by the end of the month, adding that China wants to make a deal. “They’d like to have a rollback, I haven’t agreed to anything,” Trump told reporters. “China would like to get somewhat of a rollback - not a complete rollback, because they know I won’t do it.”
Trading recommendation: range 108.75 -109.34.