Investors buy high-yield assets | 06 5月 2019

06 5月 2019, USD/JPY

Investors buy high-yield assets

USDJPY trading plan:

Investors buy high-yield assets - this is a good signal for buyers of USDJPY. We see demand for stocks and currencies emerging markets. Investors positively assessed the macroeconomic statistics from the United States on employment in April. Nonfarm payrolls rose by 236,000 in March, the jobless rate fell unexpectedly to 3.6%. That was its lowest level December 1969 when it was at 3.5%. Job growth is well above the roughly 100K needed per month to keep up with growth in the working-age population. Fed Chair Jerome Powell described the economy and job growth as "a bit stronger than we anticipated" and inflation "somewhat weaker."

Trading recommendation: Buy 111.00 and take profit 111.45.

David Johnson
Analyst of «FreshForex» company
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