25 Juli 2019, USD/JPY
USDJPY trading plan:
Bullish rally on the stock markets will have a positive impact on the value of the USDJPY. The 2-Year yield fell to 1.81% from 1.83%. The Federal Reserve is expected to trim its federal funds rate to 2% to 2.25% next week. Fed Rate Monitor Tool puts the odds of a rate cut at 100%. Lower interest rates of the Federal Reserve and the European Central Bank will have a positive impact on the value of corporate shares. Investment funds increase their long positions in the stock markets. The S&P500 can test the 3040 level today.
Trading recommendation: Buy 107.95 and take profit 108.30.