EXNESS - Analytics

    EXNESS

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    USDJPY: collapse against the background of a growing yen

    Sell on a level breakthrough of 114.20 with 113.00 target. Stop loss = 114.70.

    Reason for the trading strategy

    Today, the Japanese Nikkei225 decreased by 5.4%, the yen is strengthening dramatically on the foreign exchange market. Investors are curtailing the carry trade operations in Asia against the background of New Year celebrations in China. No one knows how the Chinese stock markets are going to open after the holidays. China's GDP in Q1 2016 is likely to be lower than that of Q4 2015.

    USDJPY, H4


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