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USDJPY: growth against the background of an increase in China's trade balance

Buy on a level breakthrough of 118.30 with 118.90 target. Stop loss = 117.80.

Reason for the trading strategy

Today, after the publication of positive data on China's foreign trade, a 2.88% increase in the Nikkei 225 and a weakening of the yen is observed. In December, China's trade balance rose from 343 billion to 382 billion yuan and was better than the forecast of 339 billion yuan. The data on Chinese imports and exports were also better than expected.



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