EXNESS - Analytics

    EXNESS

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    USDJPY: growth after the publication of the volume of industrial production in Japan

    Buy on a level breakthrough of 122.86 with 123.62 target. Stop loss = 122.36.

    Reason for the trading strategy

    Today, the Nikkei 225 is winning back the positive closing of the US stock exchanges, growing by 1.57%.
    In addition, the upward revision of Japans' industrial production data for May contributes to the yen carry trade transactions. In the reporting period, the indicator fell by only 2.1% (m / m) and not by 2.2%.

     

    USDJPY, H4

    USDJPY


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