High volatility | 31 May 2019

31 May 2019, USD/JPY

trading plan:

High volatility is observed in this currency pair. D. Trump said talks with China were going well. Chinese officials talk about the beginning of the trade war. It is a difficult market right now. We are see capital inflows to emerging markets. Investors buy shares Brazil, Turkey and Russia. Emerging markets have always shown growth in anticipation of lower interest rates FOMC. The Federal Reserve may reduce the rate by 0.25% September 18. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 108.74 and take profit 109.30.

David Johnson
Analyst of «FreshForex» company
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