EXNESS - Analytics

    EXNESS

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    USDJPY: rebound from the February lows

    Buy on a level breakthrough of 112.62 with 113.38 target. Stop loss = 112.10.

    Reason for the trading strategy

    Expectations of the possible Bank of Japan intervention aimed at the yen weakening and the resumption of carry trade operations in Japan against the background of rising oil prices will contribute to the USDJPY pair entering the range of 112.62-113.38.

    USDJPY, H1


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