The Japanese yen is the funding currency | 25 April 2019
25 April 2019, USD/JPY
USDJPY trading plan:
The course of trading will depend on the mood of investors in the stock markets. The Japanese yen is the funding currency. Investors use the yen to Finance carry trade operations. USDJPY has a direct correlation with the U.S. stock index S&P500. The S&P 500 is 0.3% below its record high of 2,940.91 hit in late September. The index has rallied 17% this year. The tech-heavy Nasdaq set a fresh historical maximum! The S&P index recorded 47 new 52-week highs and one new low, while the Nasdaq recorded 84 new highs and 25 new lows.
Trading recommendation: Buy 112.10 and take profit 112.66
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.
