EXNESS - Analytics


    631.50 4.00/10
    69% of positive reviews

    EURJPY: consolidation in the range of 131.17-131.78

    Buy on a level breakthrough of 131.78 with 132.71 target. Stop loss = 131.28.

    Reason for the trading strategy

    The adjusting growth of the euro against the US dollar US is supporting the EUR/JPY pair. The market participants are intrigued by ways to be chosen to increase the growth rate of the Japanese economy. Among the two options: an expansion of the quantitative easing in Japan and a reduction in the tax burden, the Japanese authorities are likely to prefer the first one. Note that Japan's public debt against its GDP is around 250%. Reducing the tax burden can be realized in growth of the index of up to 260-270%, and lead to Japan's rating being downgraded (and a weakening of the yen).

    EURJPY, H1


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree