Bullish rally on the US stock market | 13 اكتوبر 2020
13 اكتوبر 2020, USD/JPY
USDJPY trading plan:
A bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The S&P500 climbed on optimism over stimulus talks and an Apple-led tech rally ahead of the tech giant's slate of new iPhones expected to be unveiled on today. Today the Federal Reserve will buy $ 1.75 billion in Treasury bonds, and the US Treasury will redeem $ 10 billion of bonds. Thus, today the inflow of liquidity into the American financial system will amount to $ 12.75 billion, which will accelerate the growth of the American stock market.
Trading recommendation: Buy 105.25 and take profit 105.55.
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.
