USDJPY – Down
USDJPY trading plan:
A Fed economic report released Friday showed why concerns about weak inflation have suddenly taken such public root. After raising rates amid faster than expected growth through 2018, the Fed said a series of developing risks likely began slowing the economy late in the year and into 2019. This is a bad signal for the U.S. dollar. The U.S. Chamber of Commerce on Friday said gaps remain in the ongoing trade talks between the United States and China, particularly around structural issues, but urged both sides to make a comprehensive deal as soon as possible. This is a good signal for the stock market and USDJPY, which has a correlation with the shares. The dollar today can both please bulls and bears.
Trading recommendation: range 110.30 -111.02.
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