Forex Fundamental Analysis – The bullish signal for USDJPY


USDJPY trading plan:

The hopes for a trade deal between the U.S. and China increased investor appetite for riskier assets such as equities and emerging market currencies. U.S. President Donald Trump tweeted that he would push back a March 1 deadline for new tariffs on $200 billion worth of Chinese imports, and meet with Chinese President Xi Jinping at his Mar-a-Lago estate in Florida to conclude talks. This is a good signal for the stock markets! The broad market index S&P500 today can test the strength level of 2820. This is a bullish signal for USDJPY.

Trading recommendation: Buy 110.70 and take profit 111.21.

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