Mixed signals | 07 أغسطس 2019
07 أغسطس 2019, USD/JPY
USDJPY trading plan:
The trade war between the US and China provoked high volatility in the stock markets. Stock markets have a strong influence on the course of trading in this currency pair. New sales of corporate shares will have a negative impact on the value of USDJPY. The good news for the bulls is the decline in US government bond yields. Record negative yields in Europe and Japan have also pushed U.S. yields lower as foreign investors seek bonds that offer income. Interest rate futures implied traders fully expect the Fed to lower rates again at its policy meeting next month.
Trading recommendation: range 105.80 -106.50.
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.
