EXNESS - Analytics

    EXNESS

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    USDJPY: growth against the background of an increasing unemployment in Japan

    Buy on a level breakthrough of 120.34 with 121.23 target. Stop loss = 119.70.

    Reason for the trading strategy

    Yesterday afternoon, the yen strengthened sharply after the reports that the Bank of Japan sees no need to take additional stimulus measures in the near future. Today, the news about the August increase in the unemployment rate in Japan from 3.3% to 3.4% puts pressure on the yen.

    USDJPY, H4

    USDJPY


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