EXNESS - Analytics

    EXNESS

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    USDJPY: growth against the background of an increase in Japan's GDP in Q4 2015

    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.

    USDJPY, H4


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