EXNESS - Analytics

    EXNESS

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    USDJPY: growth after the publication of Japan's balance of payments

    Buy on a level breakthrough of 123.50 with 124.00 target. Stop loss = 123.00.

    Reason for the trading strategy

    In September, Japan's current account surplus amounted to 1.468 trillion yen, with a forecast of 2.227 trillion yen. Despite the fact that the annualized figure rose by 50.1%, the data which was worse than expected, contributed to a weakening of the yen.

    USDJPY, H4

    USDJPY


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