22 марта 2019, USD/JPY
USDJPY trading plan:
IPO Levi Strauss provoked a bull rally in the US stock market! The company's shares rose 25% on Thursday. Investors are optimistic about the United States stock market. FOMC promises not to raise interest rates - this is a good signal for the stock market! The Japanese yen is the funding currency in carry trade transactions. The growth of the stock market always has a negative impact on the value of the Japanese currency! The S&P500 broad market index is trading at its highest level in 5 months. That's strong!
Trading recommendation: Buy 110.72 and take profit 111.27.
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