Buy on a level breakthrough of 126.50 with 127.27 target. Stop loss = 126.00.
Reason for the trading strategy
The preliminary business activity index in Japan's manufacturing sector fell from 50.2 p. to 49.1 p. in March. The deterioration of the situation in the real sector of the Japanese economy contributed to a sharp consolidation of the yen in February (the USDJPY dropped from about 121 to 111). At the moment the yen is weakening in response to the current macro-economic statistics.