EXNESS - Analytics


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    USDJPY: under pressure against the backdrop of curtailing of the carry trade operations

    Sell on a level breakthrough of 122.25 with 121.48 target. Stop loss = 122.75.

    Reason for the trading strategy

    Today, the pessimism reigns in Asia, the CSI300 index is decreasing by 3.5%, the Nikkei 225 index is decreasing by 0.3% after the data on the reduction of industrial enterprises' profits in China and by 2.4% (y/y) after the data on the reduction of expenses of Japanese households.

    USDJPY, H4


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