USDJPY - SELL OPPORTUNITY
USD - BEARISH
1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump.
3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.”
4️⃣ Q2 GDP expected to print negative due to economic shutdown.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
=====
Technical
=====
- We short this pair on SMA50 area.
- USDJPY in bearish zone.
1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump.
3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.”
4️⃣ Q2 GDP expected to print negative due to economic shutdown.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
=====
Technical
=====
- We short this pair on SMA50 area.
- USDJPY in bearish zone.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.