Bullish trend in the U.S. stock market | 14 March 2019

14 March 2019, USD/JPY

Bullish trend in the U.S. stock market

USDJPY trading plan:

The growth of stock markets will have a positive impact on the value of USDJPY. The S&P500 set the maximum for the last five months on Wednesday. New orders for key U.S. made capital goods rose by the most in six months. Investment in equipment by businesses accelerated. In the 12 months through February, the PPI rose 1.9 percent - the minimum figure from June 2017. The reduction of inflation causes the FOMC to be patient. Investors do not expect FED to raise interest rates in 2019. This is a positive signal for the US stock market!

Trading recommendation: Buy 111.35 and take profit 111.90.

David Johnson
Analyst of «FreshForex» company
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