Trade of the Day: USD/JPY 29th May 2014

Date: 29th May 2014

Pending Home Sales

currency trading USD - JPYToday we have the arrival of Pending Home Sales information and investors will be looking for some force in a battling U.S housing sector. Development has been moderate in the first quarter to a great extent credited to terrible climate conditions. Yet, the Fed will be looking for indications of a spring restoration, to keep up the pace of its decreasing system.

Trading Event: Pending Home Sales 1400 GMT.

 

Banc De Binary experts foresee Pending Home Sales will climb, which ought to have a positive effect on the dollar, therefore they suggest a CALL position in USD/JPY .

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