Sell on a level breakthrough of 106.25 with 105.53 target. Stop loss = 106.75.
Reason for the trading strategy
The number of initial jobless claims in the US fell from 267 thousand to 264 thousand last week. The statistics form the preconditions for maintaining the US unemployment rate at a low level. After an adjusting growth, the USDJPY pair is likely to continue to decline and will enter the range of 105.53-106.25.