EXNESS - Analytics


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USDJPY: under pressure against the backdrop of an increase in demand for protective assets

Sell on a level breakthrough of 122.80 with 121.73 target. Stop loss = 123.30.

Reason for the trading strategy

     The decline of the US stock indexes by more than 2% and of the Shanghai Composite Index by more than 4% indicate a curtailing of the carry trade transactions by the investor. The demand for the protective yen against this background is rising.




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