EXNESS - Analytics

    EXNESS

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    Real

    Negative macro Asia strengthened yen

    Sell on a level breakthrough of 112.74 with 112.15 target. Stop loss = 113.25.

    Reason for the trading strategy

    The data on Japan's balance of payments and China's trade balance published this morning turned out to be worse than expected. This triggered a decline in Asian stock indexes (the Nikkei225 fell by 0.6%, and the CSI300 fell by 1%) and strengthened the yen. In the short-term, the risks of the USDJPY pair decreasing below the 112.74 level are intensifying.

     

    USDJPY, H1


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