Buy on a level breakthrough of 123.79 with 124.38 target. Stop loss = 123.29.
Reason for the trading strategy
In June, Japan's retail sales rose by 0.9% (y/y), with a forecast of 0.8% (y/y) and the previous value of 3% (y/y). A slower growth in the index reflects weak consumer activity of Japanese households and puts pressure on the yen.