EXNESS - Analytics


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USDJPY: Consolidation in the range of 124.11-125.06

Buy on a level breakthrough of 124.48 with 125.06 target. Stop loss = 123.98.

Reason for the trading strategy

In June, Japan's current account surplus amounted to 558.6 trillion yen with a forecast of 773.6 trillion yen. The news is moderately negative for the yen. Its further weakening would increase the attractiveness of Japanese goods and services in international markets.



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