Correlation of USDJPY and stock markets | 12 Desember 2019
12 Desember 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 this currency pair. The Federal Open Market Committee left its benchmark rate unchanged in the range of 1.5% to 1.75%. Members of the rate-setting committee cut their 2020 median forecast for interest rates to 1.6% from a previous estimate of 1.9%, indicating rates will remain on hold next year. The central bank maintained its outlook on U.S. economic growth, forecasting growth of 2.2% in 2019 and 2.0% in 2020. Growth for 2021 and 2021 was also left unchanged at 1.9% and 1.8% respectively. This is a positive signal for the stock markets!
Trading recommendation: Buy 108.55 and take profit 109.22.
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.
