EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    EURJPY: growth against the background of weakening yen

    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.

    EURJPY, H1


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree