EXNESS - Analytics

EXNESS

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USDJPY: growth against the background of falling GDP in Japan

Buy on a level breakthrough of 124.70 with 125.27 target. Stop loss = 124.20.

Reason for the trading strategy

Japan's GDP totaled -0.4% (q/q) in Q2 2015, with a forecast of -0.5% (q/q). The annualized figure fell by 1.6% against the expected 1.8% decline. Compression of the Japanese economy and the unfolding currency war in Asia may push the BOJ to expand its asset purchases program.


USDJPY, H4

 

USDJPY



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