Correlation between USDJPY and the U.S. stock market | 10 Februari 2020

10 Februari 2020, USD/JPY

Correlation between USDJPY and the U.S. stock market

USDJPY trading plan:

We are expecting a bullish rally on the U.S. stock market which will have a positive impact on the value of USDJPY. The U.S. economy continued to do a good job with job creation in January. Nonfarm payrolls for the month rose by 225,000, up from a rise of 145,000 in December. This was well ahead of the expected 165,000, according to economists’ forecasts. Average hourly earnings, a measure of wage inflation, rose 0.2% in January, and were up 3.1% year on year. This was well ahead of the expected 3%, according to economists’ forecasts. This is a positive signal for the stock market!

Trading recommendation: Buy 109.68 and take profit 110.05.

In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.

Now you can test the new strategy, already in January it showed a return of 19% and is suitable for any season.

How to receive the trading strategy?

1) Fund the account on $100 or more from February 4 to February 29, 2020.

2) send e-mail to [email protected] with the account number, funded on $100 or more.

Make a strong strategic move!

David Johnson
Analyst of «FreshForex» company
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