Central Banks are thinking about lowering interest rates | 26 Juli 2019

26 Juli 2019, USD/JPY

USDJPY trading plan:

Central Banks are thinking about lowering interest rates, which will have a positive impact on the value of corporate shares and USDJPY, as there is a correlation between assets. The European Central Bank also dropped further heavy hints that it could restart its bond-buying program, saying it had tasked an internal committee to prepare options for "the size and composition of potential new net asset purchases." The country’s Monetary Policy Committee Turkey lowered rate it to 19.75% on Thursday. The MPC cited “weaker global economic activity and heightened downside risks to inflation” and pledged to use all instruments to safeguard price stability. The Federal Reserve may reduce interest rates on July 31 and September 18.

Trading recommendation: Buy 108.55 and take profit 108.85.

David Johnson
Analyst of «FreshForex» company
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