High volume of dollar liquidity | 18 سبتمبر 2020
18 سبتمبر 2020, USD/JPY
USDJPY trading plan:
The US Federal Reserve has released fresh data on changes in its balance sheet. The Federal Reserve's assets increased by $ 53 billion over the past week, while a week earlier the growth rate was only $ 7 billion. The Federal Reserve continues to actively buy Treasury and mortgage bonds in order to “soften” lending conditions in the United States. This is a negative signal for the American dollar, since additional liquidity has always led to reduce the value of the currency.
Trading recommendation: Sell 104.80 and take profit 104.40.
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.
