05 Julio 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. The good news is the bullish rally in the U.S. stock market. The United States 10-Year yield fell to 1.95%. The yield has fallen 27% this year. Traders are actively buying shares! This is a good signal for the USDJPY, which has a correlation with the shares. The bad news is a negative report on employment in the United States. The employment indicators ISM and ADP signal a decline in the number of employed in the U.S. non-agricultural sector. This factor can cause large sales of the U.S. currency today.
Trading recommendation: range 107.15 -108.15