EXNESS - Analytics

    EXNESS

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    USDJPY: growth against the background of a weakening yen

    Buy on a level breakthrough of 123.47 with 124.00 target. Stop loss = 122.97.

    Reason for the trading strategy

    Today's Nikkei225 index growth of almost 2% contributes to the yen carry trade transactions. Investors buy the USD/JPY pair in anticipation of an imminent tightening of the US interest rate policy.

    USDJPY, H4

    USDJPY


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