Buy on a level breakthrough of 113.38 with 114.87 target. Stop loss = 112.70.
Reason for the trading strategy
The annual consumer inflation in Japan remained at 0% level in January. Thus, the figure again was left far behind the target level of 2%, which Japan aims to reach in the first half of the 2017 fiscal year. Market participants do not rule out the further expansion of monetary stimulus measures in Japan.