Rally on the U.S. stock market | 11 April 2019
11 April 2019, USD/JPY
USDJPY trading plan:
Bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. Investors buy shares after the publication of the FOMC meeting minutes. The minutes Fed saw the U.S. economy weathering a global economic slowdown, and policymakers made clear they saw no recession for the United States in the new few years. The Fed took a sharply less aggressive policy posture at its March policy meeting, signaling it will not hike rates this year amid a slowing economy and announcing a plan to end its balance sheet reduction program by September.
Trading recommendation: Buy 110.75 and take profit 111.25.
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.
