Bullish rally in the U.S. stock market | 10 يونيو 2019

USDJPY trading plan:

Bullish rally in the U.S. stock market will have a positive impact on the value of USD JPY, as the currency pair is correlated with S&P500. D. Trump said he was ready to meet with the Chinese leader at the G-20 summit in Tokyo. Investors are expecting the end of the trade war between Washington and Beijing. This is a positive signal for the stock markets! Additional support for the stock market will have a reduction in interest rates by the Federal Reserve. Investors are expecting a rate cut by the FOMC on July 31 and December 11. Lower interest rates always have a positive impact on the value of shares.

Trading recommendation: Buy 108.45 and take profit 108.90.