EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    USDJPY: consolidation after publication of data on foreign trade in Japan

    Buy on a level breakthrough of 118.90 with 119.53 target. Stop loss = 118.40.

    Reason for the trading strategy

    In December, Japan's foreign trade surplus totaled 140.2 billion yen with a forecast of 110 billion yen. The statistics, which were better than expected, did not support the yen significantly. Investors assume that due to lower inflation expectations in the country, the Bank of Japan will expand the asset purchases program.

    USDJPY, H4

    USDJPY


    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