The bullish rally on the U.S. stock market | 13 March 2020

13 March 2020, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

Half a trillion dollars in liquidity from the U.S. Federal Reserve will have a positive impact on the value of stock markets. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The Desk will offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement. Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule. The Desk will continue to offer at least $175 billion in daily overnight repo operations and at least $45 billion in two-week term repo operations twice per week over this period.

Trading recommendation: Buy 105.70 and take profit 106.30.

David Johnson
Analyst of «FreshForex» company
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