08 June 2021, USD/JPY
USDJPY trading plan:
The Federal Reserve's reverse repurchase facility on Monday attracted $486.1 billion in cash, a record high, with financial institutions lending to the U.S. central bank at a 0% interest rate in a sign there are few investment options available in a low yield environment. The financial market has been awash in cash over the last few months given the Fed's asset buying program and the U.S. Treasury's payments to various institutions, entities, and individuals for pandemic relief. That cash has found its way to the reverse repo facility launched in 2013 to mop up excess liquidity in the repo market. Together with other deposits, the Fed has been draining more than $500 billion per day in bank reserves.
Investment idea: sell 109.60 and take profit 109.15.
Profit within arm’s reach
The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels.
To ensure profitable trading, implement the FreshForex strategy today:
1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading.
2) Send a request to school@freshforex.com and specify your account number. Make a note in the email that you want to receive a strategy.