Buy on rebound from 130.11 level with 132.23 target. Stop loss = 129.50.
Reason for the trading strategy
In December, the volume of industrial orders in Germany fell by 0.7% (m/m), with a forecast of 0.3% (m/m). The negative statistics can provoke a decrease in the EURJPY pair to the level of 130.11, the minimum of the week. Meanwhile, the negative interest rate on deposits in Japan will limit the strengthening of the yen against the euro.