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Main » 2019 » June » 21 » Forex forecast and recommendations today 21.06.2019: USD / JPY - Two conflicting factors
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Forex forecast and recommendations today 21.06.2019: USD / JPY - Two conflicting factors

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The dollar yen pair USDJPY Forex forecast for today 21/06/2019
 

At present, formed a mixed background. On the one hand, the credit market yield differential of 10-year US and Japanese government bonds shows a decline that could trigger sell-off in a given currency pair. Investors are disappointed with the American currency, and to actively get rid of the dollar. 

 

 

 

 

 

On the other hand, the decline in yield of US government bonds caused a "bull rally" in the stock markets, which could have a strong support for this currency pair that has a strong correlation with the equity markets. It's hard to understand which of the two factors will have a greater impact on the course of trading?


USD / JPY recommendation: flat 106.80 - 107.50.

 

FRESHFOREX analyst

 

 

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