17 Desember 2019, USD/JPY
USDJPY trading plan:
A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. The so-called 'Phase One' trade deal between both countries has been "absolutely completed", Larry Kudlow, a top White House adviser said on Monday. The world's two largest economies announced a "phase one" trade deal that would nearly double U.S. exports to China. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.88% to 12.10. This is a positive signal for the U.S. stock market!
Trading recommendation: Buy 109.50 and take profit 109.90.