Buy on a level breakthrough of 127.40 with 128.00 target. Stop loss = 126.80.
Reason for the trading strategy
Sharp strengthening of the euro and the yen against the US dollar allows the EURJPY pair to maintain a dynamic balance in the range of 126.77-127.40. Meanwhile, a 6.2% (m/m) decline in the volume of industrial production in Japan in February indicates problems in the real sector of the world's third largest economy, creating preconditions for the yen weakening.