30 апреля 2020, USD/JPY
USDJPY trading plan:
The bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The FOMC pledged to continue purchasing Treasury securities and agency residential and commercial mortgage-backed securities in the "amounts needed to support smooth market functioning," to support the flow of credit to households and businesses. "It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one," Powell said. Federal Reserve has joined forces with the government to help backstop the small business lending program, which was recently topped up by $320 billion as part of the latest stimulus bill.
Trading recommendation: Buy 106.30 and take profit 106.70.