EXNESS - Analytics

    EXNESS

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    Real

    The USDJPY pair may adjust to the level of 114.87

    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.

     

    USDJPY, H4

     


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