EXNESS - Analytics

    EXNESS

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    USDJPY: adjustment from the level of 114.2

    Buy on a level breakthrough of 115.96 with 117.52 target. Stop loss = 115.46.

    Reason for the trading strategy

    Despite the decline in the Nikkei 225 by 2.31% today, investors are hesitant to buy the yen along with the US dollar. In case of further consolidation the Japanese currency, the Bank of Japan may extend the monetary stimulus measures or carry out currency intervention to weaken the yen.    

    USDJPY, H4


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