Good and bad factors | 11 أغسطس 2020
11 أغسطس 2020, USD/JPY
USDJPY trading plan:
Good and bad factors. In the European interbank market, the three-month dollar rate of Libor, which is the benchmark, has been below 0.25% for six consecutive days, indicating a surplus of dollars on the interbank market. This factor will put pressure on the dollar. A bullish rally in the stock market will have a positive impact on the value of USDJPY. U.S. Congress looking to restart negotiations on a COVID-19 deal. U.S. President Donald Trump also tweeted that top congressional Democrats wanted to meet with him on COVID-19 related economic relief.
Trading recommendation: range 105.70 -106.35.
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.
