EXNESS - Analytics

EXNESS

628.50 4.00/10
69% of positive reviews
Real

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.

 

USDJPY, Daily

USDJPY



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree