Forex Fundamental Analysis – Tariffs on Chinese goods could be withdrawn

USDJPY – Down

USDJPY trading plan:

Investors are increasing long positions on the stock markets, which will have a positive impact on the value of the currency pair USDJPY. U.S. President Donald Trump sounded upbeat on a China deal, while White House adviser L. Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well. Trump had agreed in principle to a “phase one” trade deal with China’s Vice Premier Liu He after high-level negotiations in Washington. The deal will be signed in Chile next month during the Asia-Pacific Economic Cooperation meetings.

Trading recommendation: Buy 108.40 and take profit 108.81.

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