Forex Fundamental Analysis – Chinese Vice Premier H. Zheng vowed to further reduce tariffs

USDJPY – Down

Chinese Vice Premier H. Zheng vowed to further reduce tariffs

USDJPY trading plan:

We are expecting the continuation of the bullish rally in this currency pair. Chinese Vice Premier Han Zheng vowed to further reduce tariffs and remove non-tariff barriers for global investors. Chinese Vice Premier Liu He said China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 108.44 and take profit 108.88.

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