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June, 18 - USD/JPY is going lower and lower

What is the real loser couple in the markets today? Well, USD/JPY of course! It seems that Japanese currency is ready to rebel against the greenback as traders around the world are waiting for the FOMC (Federal Open Market Committee) report. Although yen is dancing in a very tight range for now the situation might change as soon as the greenback sees bad news from the report. The report is to tell us the overall state of economy, price stability, level of joblessness and so on. Putting it short we are going to see all of the most important information in this report and the worse it is, the worse it is for the nearest future of the greenback.

 

usdjpy 18.06.2019

 

It Is clear that the expectation of the report is making traders worry about the future of the couple as well as drop greenback on its back. It is more than visible in the recent performance of the couple. And it also seems that investors and traders around the world do not believe in success of the greenback as prognosis for the couple is not that good for our trading.

 

FOMC report is going to influence a lot of couples today. It is better to use trading signals to make sure that you are not missing anything.

 

 

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