EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation before the Bank of Japan's meeting

    Buy on a level breakthrough of 123.59 with 124.50 target. Stop loss = 123.09.

    Reason for the trading strategy

    The meeting of the Bank of Japan will be held tomorrow, where it can make a decision to expand the quantitative easing program in the country, the economy of which is in recession. At the same time, the US economy, which has been actively restoring itself during the year, is preparing for an increase in the US key interest rates in December.

    USDJPY, Daily

    USDJPY


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