Correlation between USDJPY and the US stock market | 17 Mei 2021

17 Mei 2021, USD/JPY

Correlation between USDJPY and the US stock market

USDJPY trading plan:

US Manufacturing production rose 0.4% last month after surging 3.1% in March, the Federal Reserve said. Manufacturing production remains a touch below its pre-pandemic level. Manufacturing, which accounts for 11.9% of the U.S. economy, is being underpinned by massive fiscal stimulus and a shift in demand to goods from services because of the COVID-19 pandemic. «An important contributor to the gain in factory output was the return to operation of plants that were damaged by February's severe weather in the south central region of the country and had remained offline in March,» the Fed said. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 109.09 and take profit 109.46.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus