We are expecting a bullish rally in the stock markets | 18 سبتمبر 2019
18 سبتمبر 2019, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally in the stock markets which will have a positive impact on the value of the currency pair USDJPY in the first half of the day. Investors are increasing their long positions in emerging markets. The inflow of capital into "high-yield" assets has a positive impact on the value of USDJPY, since the Japanese yen is the currency of funding in carry trade operations. We are expecting a technical correction in the afternoon. Investors will take profits on long positions before the Federal Reserve meeting.
Trading recommendation: Buy 108.14 and take profit 108.45.
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.
