EXNESS - Analytics


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USDJPY: under pressure against the backdrop of curtailing of the carry trade operations

Sell on a level breakthrough of 120.39 with 118.54 target. Stop loss = 120.90.

Reason for the trading strategy

Today, at the opening of trading, the Shanghai Composite Index fell by 8% due to a negative closing of the US stock exchanges on Friday and the Chinese regulator's refusal to loosen the monetary policy. Against this backdrop, investors are curtailing the yen carry trade operations.




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