12 Mei 2020, USD/JPY
USDJPY trading plan:
A bullish rally in the stock market will have a positive impact on the value of USDJPY. Federal Reserve officials talked down the prospect of negative rates, and as the bond market braces for an immense borrowing spree from the U.S. Treasury. Ten-year U.S. Treasury yields rose above 0.7% for the first time in a week. This is a positive signal for the stock market! Low inflation in the United States will provide additional support to the stock market.
Trading recommendation: Buy 107.34 and take profit 107.80.