Negative dynamics of the debt market for the dollar | 24 أبريل 2020
24 أبريل 2020, USD/JPY
USDJPY trading plan:
Rates on U.S. dollar loans are falling in the London interbank market, while interest rates on loans are rising in Japanese currency. This is positive signal for Japanese yen, since excess dollar liquidity has a negative effect on the exchange rate of the U.S. dollar. The interest rate on a three-month loan in U.S. currency in London is 1.02%. This rate was 9.8 basis points higher a week ago. The interest rate on a three-month loan in Japanese currency in London is 0.004%. A week ago, this indicator was 1.1 basis points lower.
Trading recommendation: Sell 107.82 and take profit 107.37
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.
