Profit taking on the stock market and buy USD/JPY

· View 502

Janet Yellen messed up the markets a bit. In my opinion, what happened yesterday (the sell-off) was only profit taking for fear of a change in monetary policy. The yields of US bonds, which strongly depend on gold prices and the value of the USD, went up strongly. If there is a prospect of an interest rate hike on the horizon, investors are shedding old bonds (the price falls, so yields rise) in favor of new debt securities that will be worth more (higher interest rates affect the return on bonds; the higher they are, the more % is generated investing in bonds).

Profit taking on the stock market and buy USD/JPY

I expect a strong rebound today. Due to high yields, my trade will focus today on the USD / JPY pair, on which the dollar should fundamentally gain a bit. The first position on BUY is already taken, the target to reach is 109.693.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME SupportTool Man
Total 105 FCOIN reward


I love your post
@NicolaiIta:thanks a lot! :)
@Augustine:thanks! :)