USDJPY – Down
USDJPY trading plan:
Global equity markets rose while U.S. Treasury yields fell on Friday as investors tempered their expectations of the scale of the Federal Reserve’s interest rate raising cycle as falling oil prices helped to cool inflation. With inflation now backing off, all the managers who stayed in cash and didn’t believe we could move off the June lows are now being forced back into the market. U.S. Treasury yields were down as traders weighed a likely moderation of the Fed’s monetary policy stance. Benchmark 10-year note yields dipped to 2.83%.All three main Wall Street indexes ended higher, making it the fourth straight week of gains, driven by stocks in technology, healthcare, communication services, consumer discretionary and financials. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: buy 133.15 and take profit 133.88.
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