EXNESS - Analytics

    EXNESS

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    USDJPY: growth after the publication of the volume of retail sales in Japan

    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.

     

    USDJPY, H4

    USDJPY


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