Good and bad news | 15 اكتوبر 2019
15 اكتوبر 2019, USD/JPY
USDJPY trading plan:
Good and bad news for the USDJPY currency pair. The good news is the continuation of the bullish rally in the U.S. stock market. Positive US-China trade talks have a positive impact on the value of corporate stocks. S. Mnuchin announced the possible signing of the first part of the trade deal with China at the APEC summit in Chile on November 16-17, 2019. The bad news is that the Federal Reserve is buying Treasury bonds from the United States Treasury Department. This is a negative signal for the U.S. currency!
Trading recommendation: range 107.85 – 108.50.
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.
