EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation above the level of 102.35

    Buy on rebound from 102.35 level with 103.38 target. Stop loss = 101.85.

    Reason for the trading strategy

    Parliamentary elections will be held in Japan this weekend.  A likely victory of the current Prime Minister Abe's liberal-democratic party will increase the likelihood of an expansion of the quantitative easing program in the country.

     

    USDJPY, H1

     


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