Buy on a level breakthrough of 114.20 with 115.20 target. Stop loss = 113.70.
Reason for the trading strategy
Japan's GDP in Q4 2015 decreased by 0.4% (q/q), with a forecast of a 0.3% (q/q) decline. The weak data reinforce expectations of an introduction of additional measures to stimulate the Japanese economy, which puts pressure on the yen.