Low rate | 16 Julio 2019
16 Julio 2019, USD/JPY
USDJPY trading plan:
Bullish rally in the U.S. stock market will have a positive impact on the value of USD JPY. The S&P 500 posted 63 new 52-week highs and NASDAQ Composite recorded 72 new highs. Investment funds are increasing their long positions on corporate shares as they expect the Federal Reserve to reduce interest rates on July 31. The yield of 2-Year US government bonds fell below 1.835%. Bond yields are 0.542% lower than the Federal Reserve interest rate. Low interest rates have always had a positive impact on the value of corporate shares!
Trading recommendation: Buy 107.50 and take profit 107.93.
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.
