Trump said he was considering imposing quarantine | 30 March 2020

30 March 2020, USD/JPY

Trump said he was considering imposing quarantine

USDJPY trading plan:

Donald Trump said he was considering imposing quarantine on New York, New Jersey and Connecticut. Donald Trump said he was unsure about whether the United States will reopen for business by April 12th following shutdowns in major cities across the country. This is a negative signal for the U.S. currency. The New York Fed said it will purchase $345 billion in Treasury securities this week. The Fed will buy $75 billion in Treasuries each day on Monday, Tuesday and Wednesday. It will make $60 billion in Treasury purchases per day on Thursday and Friday. This is an additional negative factor for the dollar.

Trading recommendation: Sell 108.50 and take profit 107.90.

David Johnson
Analyst of «FreshForex» company
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