Buy on a level breakthrough of 118.23 with 119.23 target. Stop loss = 117.73.
Reason for the trading strategy
The current account surplus in Japan's balance of payments increased by 325.2% (y/y) and amounted to 960.7 billion yen in December, with a forecast of 1.00 billion yen. The statistics contribute to a resumption of yen carry trade operations. At the moment, the Nikkei225 is rising by 1.1%, and the yen is losing ground to the US dollar.