EXNESS - Analytics


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    The Bank of Japan could theoretically reduce the deposit rate to -0.5%

    Buy on a level breakthrough of 113.55 with 114.12 target. Stop loss = 113.05.

    Reason for the trading strategy

    The statement made by Mr. Kuroda, the Governor of the Bank of Japan, today that there is considerable room for further lowering of interest rates on deposits in Japan (approximately form -0.1% to -0.5%) put pressure on the yen.    

    USDJPY, H1

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