EXNESS - Analytics

EXNESS

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USDJPY: consolidation below the level of 118.37

Buy on a level breakthrough of 118.37 with 118.90 target. Stop loss = 117.87.

Reason for the trading strategy

In December, the volume of orders for machinery equipment in Japan declined from 17.7% (y/y) to 25.8% (y/y). These data signal a low demand for Japan's industrial products, which is exported to other countries. The news is negative for the yen.

USDJPY, H4

USDJPY



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