13 tháng tư 2020, USD/JPY
USDJPY trading plan:
Emergency backstops for corporate debt announced by the U.S. Federal Reserve could reanimate the sale of new securities that underpin the below- investment-grade loan market. The new federal loans and a program available for bonds issued by companies that recently lost their investment-grade credit ratings sparked a rally in credit markets. "Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," said Federal Reserve Board Chair Jerome H. Powell. This is a negative signal for the U.S. currency. We are expecting a downtrend to develop.
Trading recommendation: Sell 108.11 and take profit 107.55.