Low rate | 16 July 2019

16 July 2019, USD/JPY

Low rate

USDJPY trading plan:

Bullish rally in the U.S. stock market will have a positive impact on the value of USD JPY. The S&P 500 posted 63 new 52-week highs and NASDAQ Composite recorded 72 new highs. Investment funds are increasing their long positions on corporate shares as they expect the Federal Reserve to reduce interest rates on July 31. The yield of 2-Year US government bonds fell below 1.835%. Bond yields are 0.542% lower than the Federal Reserve interest rate. Low interest rates have always had a positive impact on the value of corporate shares!

Trading recommendation: Buy 107.50 and take profit 107.93.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus