EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation above the level of 108.82

    Sell on a level breakthrough of 108.82 with 108.22 target. Stop loss = 109.32.

    Reason for the trading strategy

    The Japanese bank managers believe that inflation expectations in the country are likely to weaken. In particular, in Tokyo, a decline in core consumer price index from -0.3% to -0.5% per annum was recorded in May. However, as market participants see, the Bank of Japan has no intention to significantly expand the money supply in the country.

     

    USDJPY, H1

     


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