New monetary policy | 18 Juli 2019

USDJPY trading plan:

The Bank of Korea unexpectedly cut its policy interest rate for the first time in three years, as uncertainties from a trade dispute with Japan added to anxiety about the economy's outlook. Investors are expecting lower interest rates from the Federal Reserve and the European Central Bank. This is a positive signal for the stock markets. Low interest rates increase the value of corporate shares. We're expecting the bull rally to continue in the U.S. stock market! This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.53 and take profit 107.95.