EXNESS - Analytics

EXNESS

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USDJPY: growth against the background of a weakening yen

Buy on a level breakthrough of 121.47 with 122.00 target. Stop loss = 120.97.

Reason for the trading strategy

Today's rise in the Nikkei 225 index by 1.3% contributes to the conclusions of the yen carry trade transactions. Optimism in Asia associated with the publication of the Caixin business activity index in the China's service sector grew in October from 50.5 p. 52 p.

USDJPY, H1

USDJPY



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