Good news and bad news | 19 November 2019

19 November 2019, USD/JPY

USDJPY trading plan:

Good news and bad news. The good news is a bullish rally in Asian stock markets. MSCI's broadest index of Asia-Pacific shares outside Japan inched 0.15% higher as hopes for stimulus in China lifted Shanghai blue chips by 0.45% and Hong Kong's Hang Seng by 0.95%. Bank of Japan Governor Haruhiko Kuroda denied ever saying the central bank can deepen negative interest rates unlimitedly, or that it had unlimited ammunition to ramp up stimulus. "I've never said there are no limits to how much we can deepen negative rates, or that we have unlimited means to ease policy," Kuroda told parliament. This is negative news for USDJPY.

Trading recommendation: range 108.25 -109.01.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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