EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation higher than the level of 120.2

    Sell on a level breakthrough of 120.20 with 119.60 target. Stop loss = 120.70.

    Reason for the trading strategy

    In October, the business activity index in Japan's manufacturing sector rose from 51.0 p. to 52.4 p., turning out better than the expected 52.1 p. The strong statistics reduces the likelihood of future expansion of the asset purchases program by the Bank of Japan and supports the yen.

    USDJPY, H4

    USDJPY


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