Stock markets in the United States are closed | 02 September 2019

02 September 2019, USD/JPY

USDJPY trading plan:

We are expecting quiet trading today. Stock markets in the United States are closed and this event will force traders to refrain from active trading. Investors are waiting for news on the USA-China trade talks. Interest rates in United States moved lower with the 10-Year yield falling to 1.501%, the 2-Year yield was 1.51%. The spread between the 10-year yield and two-year yield narrowed to negative 0.99 basis points. This is a positive signal for the stock markets. Low yields on Government bonds are forcing investors to buy corporate shares.

Trading recommendation: range 106.00 -106.70.

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 .