EXNESS - Analytics

    EXNESS

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

    Sell on a level breakthrough of 117.39 with 116.69 target. Stop loss = 117.89.

    Reason for the trading strategy

    Today, the Nikkei 225 lost 0.5%, and its Chinese counterpart CSI300 lost more than 3%. The elimination of positions in risky assets, which include shares, promotes a growth of the demand for the protective yen.

    USDJPY, H1

    USDJPY


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