EXNESS - Analytics

EXNESS

628.25 4.00/10
68% of positive reviews
Real

USDJPY: under pressure against the background of deteriorating macroeconomic statistics in China

Sell on a level breakthrough of 118.33 with 117.50 target. Stop loss = 118.83.

Reason for the trading strategy

A likely reason for the trading strategy slowdown in the Chinese economy makes the market participants sell risky assets and buy the protective yen. Today it became known that the Caixin business activity index in China's service sector dropped from 51.2 p. to 50.2 in December. Against this background, the Nikkei 225 lost 0.99% and closed at 18,191.32 p.

 

USDJPY, H4



To leave a comment you must be or register

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