20 Desember 2019, USD/JPY
USDJPY trading plan:
The bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The Dow Jones Industrial Average added 0.49% to hit a new all time high, while the S&P 500 index gained 0.45%, and the NASDAQ Composite index climbed 0.67%. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.64% to 12.50. Beijing and Washington prepare to resolve a long-running trade war. This is a positive signal for the stock market!
Trading recommendation: Buy 109.30 and take profit 109.74.