Good news and bad news today | 01 May 2019

01 May 2019, USD/JPY

Good news and bad news today

USDJPY trading plan:

Good news and bad news today. The bad news is the results of the meeting of the Federal Reserve, where the regulator may indicate the need to reduce interest rates against the background of low consumer inflation. The consumer price index is now well below the FED target. The good news is comments from FOMC officials could trigger a bullish rally in the U.S. stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. What factor will have a decisive influence on the course of trading today? It's hard to understand now.

Trading recommendation: range 111.00 -111.90.

David Johnson
Analyst of «FreshForex» company
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