EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation below the level of 112.90

    Buy on a level breakthrough of 112.90 with 113.80 target. Stop loss = 112.40.

    Reason for the trading strategy

    The number of new homes sold in the US rose from 502 thousand to 514 thousand in February, having signaled the growth of demand in the USA.  The improving macroeconomic statistics on the US strengthens the expectations of future increase in the federal funds rate.  John Williams, Dennis Lockhart, Charles Evans, and James Bullard, the US Federal Reserve representatives, admit its rising on April 27; while the market assesses this scenario probability by only 10%. 

     

    USDJPY, H4

     


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