We are expecting a bullish rally in the stock markets | 18 September 2019

18 September 2019, USD/JPY

USDJPY trading plan:

We are expecting a bullish rally in the stock markets which will have a positive impact on the value of the currency pair USDJPY in the first half of the day. Investors are increasing their long positions in emerging markets. The inflow of capital into "high-yield" assets has a positive impact on the value of USDJPY, since the Japanese yen is the currency of funding in carry trade operations. We are expecting a technical correction in the afternoon. Investors will take profits on long positions before the Federal Reserve meeting.

Trading recommendation: Buy 108.14 and take profit 108.45.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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