EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation above the level of 125.25

    Sell on a level breakthrough of 125.25 with 124.67 target. Stop loss = 125.75.

    Reason for the trading strategy

    Since early April, the EURJPY pair fell by almost 3 figures against the background of the yen strengthening against the dollar and a slight increase in the latter against the euro.  The quantitative easing program in Japan, as seen by the market participants, has not led to a higher inflation in the country. The problem of an extremely high debt burden in Japan (debt to GDP ratio is 250%) may have a negative effect on the yen in the long term, but in the short term, its strengthening against the euro is likely to continue.      

    EURJPY, H1


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