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Panic sales in Asian stock markets

Panic sales in Asian stock markets | 02 August 2019

02 August 2019, USD/JPY

USDJPY trading plan:

Panic sales in Asian stock markets! Stocks tumbled dropped after President Donald Trump announced a new round of tariff hikes on Chinese imports. Crude oil clawed back a fraction of its 8% slide, amid concern the U.S. plans for 10% tariffs on $300 billion of Chinese imports will hurt global demand. Investors are buy's "safe assets" - Japanese yen and gold. The yen extended gains after the biggest jump in more than two years. Investors are expecting lower interest rates from the Federal Reserve on September 18. This is a negative signal for the U.S. dollar!

Trading recommendation: Sell 107.15 and take profit 106.88.

David Johnson
Analyst of «FreshForex» company
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