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Rally on the U.S. stock market

Rally on the U.S. stock market | 11 April 2019

11 April 2019, USD/JPY

Rally on the U.S. stock market

USDJPY trading plan:

Bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. Investors buy shares after the publication of the FOMC meeting minutes. The minutes Fed saw the U.S. economy weathering a global economic slowdown, and policymakers made clear they saw no recession for the United States in the new few years. The Fed took a sharply less aggressive policy posture at its March policy meeting, signaling it will not hike rates this year amid a slowing economy and announcing a plan to end its balance sheet reduction program by September.

Trading recommendation: Buy 110.75 and take profit 111.25.

David Johnson
Analyst of «FreshForex» company
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