EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation around the level of 121.4

    Buy on a level breakthrough of 121.40 with 123.73 target. Stop loss = 120.90.

    Reason for the trading strategy

    In February, Japan's banking sector will redirect the excess liquidity from the Bank of Japan accounts to the real sector of the economy and to the higher-yielding assets. The reduction in the Japanese bond yields will put pressure on the yen.   

    USDJPY, Daily


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