Positive signal for the stock markets and USDJPY | 06 Maret 2020

06 Maret 2020, USD/JPY

Positive signal for the stock markets and USDJPY

USDJPY trading plan:

The Federal Reserve, Central Bank of Australia and Bank of Canada both responded to the economic threats by cutting interest rates by 25-50 basis points this week. Yields on 10-year U.S. Treasuries fell to a record low and Treasury futures jumped as investors increased bets that the Federal Reserve will follow this week's surprise 50 basis point rate cut with further easing to prevent corporate bond spreads from widening further. This is a positive signal for the stock markets and USDJPY!

Trading recommendation: Buy 107.20 and take profit 107.40.

David Johnson
Analyst of «FreshForex» company
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