A bullish rally in emerging markets | 23 October 2019

23 October 2019, USD/JPY

A bullish rally in emerging markets

USDJPY trading plan:

A bullish rally in emerging markets will have a positive impact on the USDJPY currency pair. Investors buy corporate shares in Brazil, Turkey, Taiwan, India, Russia. This is a strong signal for traders, which indicates a high interest in "high-yield assets". The Japanese yen is the funding currency in carry trade operations. The value of the Japanese yen decreases during periods of rapid growth of stock markets. Unrest in Hong Kong also received some attention. Beijing is considering replacing Hong Kong’s chief executive, Carrie Lam, by March. Traders are expecting U.S. President Donald Trump and Chinese leader Xi Jinping to sign the first phase of a trade agreement at the Asia-Pacific Economic Cooperation summit in Chile in mid-November.

Trading recommendation: Buy 108.30 and take profit 108.95.

TRADE METALS WITHOUT SWAPS!

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