The bullish rally in the stock markets | 16 September 2019
16 September 2019, USD/JPY
USDJPY trading plan:
We are expecting the continuation of the bullish rally in the stock markets which will have a positive impact on the value of USDJPY. The Federal Reserve may lower interest rates at the meeting on September 18. The Federal Reserve is easiest monetary policy in order to offset risks to the U.S. economy from trade tensions between Beijing and Washington, BREXIT and a broad global slowdown. Lower interest rates have traditionally had a positive impact on stock markets. Positive US-China trade talks will have a positive impact on stock markets.
Trading recommendation: Buy 107.70 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.
