22 Juli 2019, USD/JPY
USDJPY trading plan:
Investment funds are increased sales of the Japanese yen. CFTC reports signal the maximum sales of the Japanese currency in the last 4 weeks. Bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The largest American corporations pleased investors with positive financial results for the second quarter. The yield of 2-Year US government bonds fell below 1.825%. Bond yields are 0.55% lower than the Federal Reserve interest rate. Investors are expected Federal Reserve interest rates to fall on July 31. This is a positive factor for the stock market.
Trading recommendation: Buy 107.70 and take profit 108.29.