Good news and bad news | 05 July 2019

05 July 2019, USD/JPY

Good news and bad news

USDJPY trading plan:

Good news and bad news. The good news is the bullish rally in the U.S. stock market. The United States 10-Year yield fell to 1.95%. The yield has fallen 27% this year. Traders are actively buying shares! This is a good signal for the USDJPY, which has a correlation with the shares. The bad news is a negative report on employment in the United States. The employment indicators ISM and ADP signal a decline in the number of employed in the U.S. non-agricultural sector. This factor can cause large sales of the U.S. currency today.

Trading recommendation: range 107.15 -108.15

David Johnson
Analyst of «FreshForex» company
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