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Bullish rally in stock markets

Bullish rally in stock markets | 10 September 2019

10 September 2019, USD/JPY

Bullish rally in stock markets

USDJPY trading plan:

Bullish rally in stock markets has a positive impact on the currency pair USDJPY. Investors are buying corporate shares on expectations of lower interest rates from Central Banks in North America, Europe and Asia. Jerome Powell said the central bank will continue to "act as appropriate" to sustain economic expansion. China's central bank said it would slash the amount of cash that banks must hold as reserves, releasing a total of 900 billion yuan in liquidity to shore up the flagging economy. This is a positive signal for the stock markets!

Trading recommendation: Buy 107.10 and take profit 107.45.

David Johnson
Analyst of «FreshForex» company
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