New monetary policy | 18 July 2019

18 July 2019, USD/JPY

New monetary policy

USDJPY trading plan:

The Bank of Korea unexpectedly cut its policy interest rate for the first time in three years, as uncertainties from a trade dispute with Japan added to anxiety about the economy's outlook. Investors are expecting lower interest rates from the Federal Reserve and the European Central Bank. This is a positive signal for the stock markets. Low interest rates increase the value of corporate shares. We're expecting the bull rally to continue in the U.S. stock market! This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.53 and take profit 107.95.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .