Buy on a level breakthrough of 122.96 with 123.75 target. Stop loss = 122.46.
Reason for the trading strategy
The Tankan business activity index of Japan's manufacturing sector rose from 12 p. to 15 p. in Q2 2015, and in the services sector it grew from 19 p. to 23 p. The statistics indicate a recovery in the economic activity in the third largest economy in the world, prompting investors to buy Japanese stocks and sell the yen. Today, the Nikkei225 index rose by 0.46%.
USDJPY, H4
