EXNESS - Analytics

EXNESS

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USDJPY: growth against the background of falling consumer spending in Japan

Buy on a level breakthrough of 121.43 with 123.02 target. Stop loss = 120.90.

Reason for the trading strategy

In July, household spending in Japan fell by 0.2% (y/y), with an expected growth of 0.9% (y/y). The decline in this indicator, which forms a significant part of the country's GDP, will put pressure on the yen.

 

USDJPY, H4

USDJPY



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