Good news and bad news | 04 اكتوبر 2019
04 اكتوبر 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. The good news is a bullish rally in the stock markets. Investors are expected the Federal Reserve to cut interest rates on October 30. The 2-Year U.S. government bonds yield is 1.4 percent, 0.475 percent below the Federal Reserve's interest rate. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The bad news is the outflow of capital from the U.S. dollar. Investors are increasing short positions on the U.S. currency amid negative macroeconomic statistics from the United States.
Trading recommendation: range 106.50 -107.40.
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.
