EXNESS - Analytics

    EXNESS

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    The USDJPY is approaching the June low

    Sell on a level breakthrough of 100.56 with 99.92 target. Stop loss = 101.06. 

    Reason for the trading strategy

    The growth of anti-risk sentiment in the global financial markets contributes to strengthening of the yen. The Japanese authorities have so far refrained from carrying out interventions to weaken it. In the short term, the dollar may enter the range of 99.92-100.56 yen.

    USDJPY, H4


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