Correlation between USDJPY and stock markets | 04 Oktober 2021

04 Oktober 2021, USD/JPY

Correlation between USDJPY and stock markets

USDJPY trading plan:

September PMI data from IHS Markit signaled a substantial improvement in operating conditions across the U.S. manufacturing. The rise in production was strong. The firms linked this to a further upturn in new orders. Demand conditions across the manufacturing sector remained strong at the end of the third quarter, as new sales rose markedly. In contrast to a slower upturn in new orders, foreign client demand strengthened in September. New export orders rose at the fastest pace for four months. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 110.85 and take profit 111.30.

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