EXNESS - Analytics

    EXNESS

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    USDJPY: under pressure after the Bank of Japan meeting

    Sell on a level breakthrough of 113.22 with 112.60 target. Stop loss = 113.72.

    Reason for the trading strategy

    Today the Bank of Japan kept its key deposit rate at -0.1% and the amount of asset purchases at 80 trillion yen per year. At the same time the regulator reserved the right to introduce additional measures to ease the economy, if he considers them to be necessary.    

    USDJPY, H1


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