The good signal for the U.S. stock market and USD JPY | 04 Juni 2019

04 Juni 2019, USD/JPY

USDJPY trading plan:

Investors expect Federal Reserve interest rates to fall on July 31. This is a negative signal for the U.S. dollar! The reduction in the rate will cause an outflow of capital from us assets. Capital will go to emerging markets. We expect a technical correction in the U.S. stock market that will have a positive impact on the value of USDJPY. The head of the Federal Reserve can point to easing monetary policy today. The Federal Reserve cannot allow a recession in the economy. This is a good signal for the U.S. stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.69 and take profit 108.20.

David Johnson
Analyst of «FreshForex» company
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