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Bad release on U.S. inflation

Bad release on U.S. inflation | 11 July 2019

11 July 2019, USD/JPY

USDJPY trading plan:

An important event of the day will be the publication of the U.S. inflation report. We are expecting a negative report as the cost of gasoline fell in early summer. The decline in the consumer price index will force the Federal Reserve to lower interest rates on July 31. Investors are expecting interest rates to fall on July 31 and September 18. We're seeing high demand in the emerging market currencies segment. This is a negative signal for the dollar! Gold and the Japanese yen have a direct correlation that will negatively affect the value of USD JPY.

Trading recommendation: Sell 108.09 and take profit 107.71.

David Johnson
Analyst of «FreshForex» company
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