The correlation between the USDJPY and S&P500 | 22 July 2019
22 July 2019, USD/JPY
USDJPY trading plan:
Investment funds are increased sales of the Japanese yen. CFTC reports signal the maximum sales of the Japanese currency in the last 4 weeks. Bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The largest American corporations pleased investors with positive financial results for the second quarter. The yield of 2-Year US government bonds fell below 1.825%. Bond yields are 0.55% lower than the Federal Reserve interest rate. Investors are expected Federal Reserve interest rates to fall on July 31. This is a positive factor for the stock market.
Trading recommendation: Buy 107.70 and take profit 108.29.
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.
