EXNESS - Analytics

EXNESS

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USDJPY: under pressure against the background of growth in the volume of industrial production in Japan

Sell on a level breakthrough of 122.49 with 122.00 target. Stop loss = 122.98.

Reason for the trading strategy

In September, Japan's industrial production increased by 1.1% (m/m), with a forecast of 1% (m/m), and the previous value of -1.2% (m /m). The strengthening of the real sector of the national economy does not imply a further expansion of the quantitative easing program in the country.

USDJPY, H1

USDJPY



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