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Good news and bad news

Good news and bad news | 18 June 2019

18 June 2019, USD/JPY

Good news and bad news

USDJPY trading plan:

Good news and bad news. The good news is the positive dynamics of Asian stock markets. The Central Bank of Australia announced the need to reduce interest rates in the fall. Central bank thinks it may have to ease policy again to push down unemployment and revive wages and inflation. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The bad news is that the interest rates of the Federal Reserve are expected to fall. The FOMC's low interest rates will force investors to sell the U.S. currency.

Trading recommendation: range 108.00 -108.65.

David Johnson
Analyst of «FreshForex» company
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