Bullish rally in the stock markets | 11 Septiembre 2019

USDJPY trading plan:

Bullish rally in the stock markets has a positive impact on the value of the currency pair USDJPY. Central banks in the Euro zone, the United States and China are implementing monetary easing, which is positive for stock markets. The European Central Bank will cut interest rates tomorrow. The Federal Reserve will cut interest rates in a week on September 18. This is factored contributes to lower yields on government bonds. Investors are forced to buy corporate stocks that suggest high returns. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.50 and take profit 107.98.