Inversion | 03 Junio 2019
03 Junio 2019, USD/JPY
USDJPY trading plan:
Sales in the stock markets have a negative impact on USDJPY. A yield-curve inversion is generally considered a sign of a potential recession. The yield on the 10-year, at about 2.16%, is solidly below that of the 3-month, which is at about 2.35%. The inversion of the bond market caused the economic crisis 1991, 2000, 2008. Inversion is a bad signal for the economy and financial markets! Investors are scared and selling stocks all over the world. This is a bad signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Sell 108.40 and take profit 108.15.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
