EXNESS - Analytics


628.50 4.00/10
69% of positive reviews

USDJPY: growth against the background of falling consumer spending in Japan

Buy on a level breakthrough of 121.43 with 123.02 target. Stop loss = 120.90.

Reason for the trading strategy

In July, household spending in Japan fell by 0.2% (y/y), with an expected growth of 0.9% (y/y). The decline in this indicator, which forms a significant part of the country's GDP, will put pressure on the yen.




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