01 Abril 2019, USD/JPY
USDJPY trading plan:
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index, excluding food and energy, slowed to 1.8% in the 12 months through January, missing the economists’ forecast of 1.9%. This news points to the need to reduce the interest rates of FOMC. Investors are waiting for a rate cut at the FED meeting on December 11. Most likely the rate will be reduced at the meeting on September 18. This is a positive signal for the U.S. stock market. Low rates cause an increase in the value of shares! This is a good signal for the USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 110.85 and take profit 111.35.
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