The new schedule of large-scale operations REPO | 14 April 2020

14 April 2020, USD/JPY

The new schedule of large-scale operations REPO

USDJPY trading plan:

The Open Market Trading Desk at the Federal Reserve Bank of New York has released the schedule of large-scale overnight and term repurchase agreement operations for the monthly period from April 14, 2020 through May 13, 2020. The Open Market Trading Desk intends to return to regularly conducting one overnight repo operation per day in the morning, and to remove the afternoon overnight repo operation. In addition, the frequency of three-month repo operations will be reduced to once every two weeks from once a week. The Desk will continue to conduct one-month repo operations once per week. This is a negative signal for the U.S. dollar!

Trading recommendation: Sell 107.80 and take profit 107.35.

David Johnson
Analyst of «FreshForex» company
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