Correlation between USDJPY and stock markets | 30 September 2021

30 September 2021, USD/JPY

Correlation between USDJPY and stock markets

USDJPY trading plan:

Growth funds investing in U.S. equities beat their value-focused peers in the quarter, as a COVID-19 resurgence over the summer bolstered the case for investors to shift back into some of the big technology names that led markets during last year’s coronavirus lockdowns, reviving the so-called stay-at-home trade. That move has reversed in recent weeks as Treasury yields shot higher. The average large-cap U.S. growth fund gained 4.6%, while the average large-cap value fund gained 0.9%. The S&P 500 is on track for a 1.4% gain, after rising by nearly 8.2% in the second quarter. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 111.70 and take profit 112.19.

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