EXNESS - Analytics

    EXNESS

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    USDJPY: under pressure before the publication of the Consumer Price Index in the United States

    Sell on a level breakthrough of 118.06 with 116.11 target. Stop loss = 118.60.

    Reason for the trading strategy

    Expectations of a decline in the US inflation in September put pressure on the world's reserve currency. Low inflationary pressure is one of the main reasons for preserving a soft monetary policy in the US.

     

    USDJPY, Daily

    USDJPY


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