Bullish rally on the stock markets | 25 Julio 2019
25 Julio 2019, USD/JPY
USDJPY trading plan:
Bullish rally on the stock markets will have a positive impact on the value of the USDJPY. The 2-Year yield fell to 1.81% from 1.83%. The Federal Reserve is expected to trim its federal funds rate to 2% to 2.25% next week. Fed Rate Monitor Tool puts the odds of a rate cut at 100%. Lower interest rates of the Federal Reserve and the European Central Bank will have a positive impact on the value of corporate shares. Investment funds increase their long positions in the stock markets. The S&P500 can test the 3040 level today.
Trading recommendation: Buy 107.95 and take profit 108.30.
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.
