EXNESS - Analytics

    EXNESS

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    USDJPY: growth against the background of growth appetite for risk

    Buy on a level breakthrough of 113.79 with 114.55 target. Stop loss = 113.29.

    Reason for the trading strategy

    Today investors are buying the risky assets (the Nikkei 225 has added 1.26%) and are selling the euro and the yen because of high likelihood of expansion of monetary stimulus measures in the Eurozone, which plays into the hands of the US dollar. 

    USDJPY, H1


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