Sell on a level breakthrough of 110.97 with 110.20 target. Stop loss = 111.50.
Reason for the trading strategy
Today the Nikkei225 fell below 15 thousand points and lost 4.84%. The representative of the Liberal Democratic Party of Japan Yamamoto believes that Japan should lead the international response measures to the market instability and the slowing down of the global economy. In the morning, the manager of the Bank of Japan Kuroda declared about the regulator's readiness to take the necessary measures to stabilize the situation, if necessary. However, these are only verbal interventions for now.