Bullish rally in stock markets! | 05 February 2020
05 February 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally on the U.S. stock market, which will have a positive impact on the value of USDJPY. The People's Bank of China said it will inject a total of 1700 billion yuan into the money market. The People's Bank of China is likely to lower its key lending rate - the loan prime rate - on Feb. 20, and cut banks' reserve requirement ratios in the coming weeks. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 11% to 16. This is a positive signal for the stock market!
Trading recommendation: Buy 109.35 and take profit 109.61.
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.
