16 сентября 2020, USD/JPY
USDJPY trading plan:
The Fed’s latest policy shift has fueled expectations that rates will stay lower for longer, and is therefore offering – and will likely continue to offer in the foreseeable future – a reason to stick to USD shorts. This is a negative signal for the dollar. Japan's exports posted a double-digit slump for a sixth straight month in August as U.S.-bound shipments shrank due to a global demand slowdown from the COVI-19 pandemic. Total exports fell 14.8% year-on-year in August. That meant exports fell for their 21st straight month, marking the longest run of declines since a 23-month run through July 1987. This is a negative signal for the Japanese yen.
Trading recommendation: range 105.05 -106.00.