03 Tháng bảy 2019, USD/JPY
USDJPY trading plan:
Traders still expect the Fed to cut interest rates at its July 31 policy meeting, despite the latest developments in trade talks. White house adviser on trade Peter Navarro accused the Federal Reserve that the rate hike by the regulator provokes fears of slowing economic growth. Donald Trump's team continues to put pressure on the leaders of the Federal Reserve. The U.S. President needs to reduce the interest rates of FOMC for a bullish rally in the stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 107.50 and take profit 108.00.
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