The US Treasury repays bonds worth $ 45 billion | 14 Julio 2020

14 Julio 2020, USD/JPY

The US Treasury repays bonds worth $ 45 billion

USDJPY trading plan:

The US Treasury repays bonds worth $ 45 billion, which will positively affect the value of the European currency. The inflow of dollar liquidity into the financial system always has a negative impact on the dollar. This is factor forces investors to increase their short positions in the U.S. currency. The Federal Reserve has published a government bond buyback schedule in the next two weeks. A high volume of transactions is scheduled for July 14, 21. The maximum volume is today. This is a negative signal for the U.S. currency!

Trading recommendation: Sell 107.50 and take profit 107.17.

David Johnson
Analyst of «FreshForex» company
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