15 November 2019, USD/JPY
USDJPY trading plan:
A bullish rally in the stock markets will have a positive impact on the value of the USDJPY. White House economic adviser Larry Kudlow said on Thursday that Washington was getting close to a trade agreement with China, providing a fillip to investor confidence. China's commerce ministry said that the two countries are holding "in-depth" discussions on a first phase trade agreement, and that cancelling tariffs is an important condition to reaching a deal. We are expecting new records in the U.S. stock market today!
Trading recommendation: Buy 108.45 and take profit 108.97.