Classic recession signal | 15 أغسطس 2019
15 أغسطس 2019, USD/JPY
USDJPY trading plan:
The storm in the stock markets of the planet has a negative impact on the value of USDJPY. The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since February 2006 - metric widely viewed as a classic recession signal. The U.S. curve has inverted before every recession in the past 50 years. The inversion - where shorter-dated borrowing costs are higher than longer ones - saw U.S. 2-year note yields rise above the benchmark 10-year yield, which fell to 1.56%. U.S. 30-year yields also plunged, dropping to a record low of 1.995%.
Trading recommendation: Sell 106.15 and take profit 105.72.
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.
