EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation below the level of 124.58

    Buy on a level breakthrough of 124.58 with 125.84 target. Stop loss = 124.00.

    Reason for the trading strategy

    In June, the average wage in Japan decreased by 2.4% (y/y) with an expected growth of 0.9% (y/y). The data reflect a decrease in inflationary pressures in the country, signaling a likely slowdown of consumer activity of Japanese households.

    USDJPY, H4

    USDJPY


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