EXNESS - Analytics

    EXNESS

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    USDJPY: growth against the background of the weakening yen

    Buy on a level breakthrough of 108.86 with 111.90 target. Stop loss = 108.36.

    Reason for the trading strategy

    Yesterday Taro Aso, Japan's Finance Minister, said in the national parliament that Japan has the means to carry out currency intervention. Verbal intervention resulted in a significant weakening of the Japanese currency.

     

    USDJPY, Daily

     


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