Forex Fundamental Analysis – The bullish trend on Wall Street

USDJPY – Down

USDJPY trading plan:

The bullish trend on Wall Street will have a positive impact on USDJPY. The growth of oil prices supported the U.S. stock market. Exxon Mobil shares traded better than the market on Wednesday. Federal Reserve Chair J. Powell had stood by the central bank’s "patient" stance on interest rates. The lower the interest rates, the higher the capitalization of the business – this is the basic rule of investors. The S&P500 index today can test the level of 2820. This is a good signal for the USDJPY, which has a correlation with the shares.

Trading recommendation: Buy 110.78 and take profit 111.44.

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