Good news and bad news | 20 يونيو 2019
20 يونيو 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. Investors are expected lower interest rates by the fed in the next three months which negatively affect the cost American currency. The most recent measure of core PCE, the Fed's preferred measure of inflation, stood at 1.6%. The Federal Reserve should control inflation at 2%. This task has not been completed. The yield of two-year U.S. government bonds fell below 1.8% that will have a positive impact on the value of the USA stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: range 107.30 -108.10.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
