The positive dynamics of the stock markets | 07 June 2019

07 June 2019, USD/JPY

USDJPY trading plan:

The positive dynamics of the stock markets will have a positive impact on the value of USDJPY, as there is a correlation between the instruments. Investors buy shares on expectations global central banks will soon embark on an easing cycle in the face of international trade frictions and fears of a world recession. July will be a big month of central bank USA easing. Investors are expecting Federal Reserve interest rates to fall on July 31. Two-year Treasury yields were near their lowest since December 2017 at 1.88%, having fallen 28 basis points in just two weeks.

Trading recommendation: Buy 108.25 and take profit 108.70.

David Johnson
Analyst of «FreshForex» company
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