Japanese yen is the funding currency in carry trade | 15 Marzo 2019

15 Marzo 2019, USD/JPY

Japanese yen is the funding currency in carry trade

USDJPY trading plan:

The trend in the US stock market will have a strong impact on the course of trading. The S&P index recorded 36 new 52-week highs and no new low. Bullish rally on the stock market will have a positive impact on USDJPY. The Japanese yen is the funding currency in carry trade operations. The growth of stock markets forces investors to sell the Japanese currency. Traders buy shares because they do not expect interest rates to rise in the United States. Negative statistics on retail and real estate will not allow FOMC to raise rates.

Trading recommendation: Buy 111.55 and take profit 112.22.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus