Sell on a level breakthrough of 112.27 with 110.20 target. Stop loss = 112.77.
Reason for the trading strategy
Despite the fact that this week the yield on 10-year Japanese government bonds fell into the area ofnegative values for the first time in the history, investors bought the yen as they withdrew their money from the risky assets.
This trend continued today, the Nikkei 225 lost 2.31%, and the yen strengthened against the US dollar.