03 6月 2019, USD/JPY
USDJPY trading plan:
Sales in the stock markets have a negative impact on USDJPY. A yield-curve inversion is generally considered a sign of a potential recession. The yield on the 10-year, at about 2.16%, is solidly below that of the 3-month, which is at about 2.35%. The inversion of the bond market caused the economic crisis 1991, 2000, 2008. Inversion is a bad signal for the economy and financial markets! Investors are scared and selling stocks all over the world. This is a bad signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Sell 108.40 and take profit 108.15.