Jerome Powell signaled further interest rate cuts | 09 اكتوبر 2019
09 اكتوبر 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. The U.S. Treasury yield curve steepened in Asia after U.S. Federal Reserve Chair Jerome Powell signaled further interest rate cuts and the resumption of bond purchases to address a recent spike in money markets rates. The Fed has already cut its benchmark twice this year, with policy makers led by Chairman Jerome Powell leaning towards acting again. This is a positive signal for the U.S. stock market!
Trading recommendation: Buy 107.05 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.
