Bullish rally in stock markets | 10 سبتمبر 2019
10 سبتمبر 2019, USD/JPY
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.
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.
