Good news and bad news | 20 March 2019

20 March 2019, USD/JPY

Good news and bad news

USDJPY trading plan:

Trading dynamics will depend on two factors. The first factor is the growth of equity markets. The increase in the share price always has a positive impact on USDJPY. The Japanese yen is the funding currency in carry trade operations. The second factor is the FED interest rate decision. FOMC will not raise the discount rate, which is a negative factor for the US dollar. Negative macroeconomic statistics on retail trade, industrial production and the real estate market will allow the FED to raise interest rates. We get good news and bad news today. The market will rise and fall today.

Trading recommendation: range 110.95 -111.95.

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 .