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    USDJPY: under pressure after the speech given by the Head of the bank of Japan

    Sell on a level breakthrough of 100.50 with 99.50 target. Stop loss = 101.00. 

    Reason for the trading strategy

    Today, market participants did not hear Mr. Kuroda, the Head of the Bank of Japan, to talk about an imminent monetary easing in Japan. He said that additional mitigation measures to achieve an inflation rate of 2% will be taken if necessary. His words about the fact that Japan's moderate economic recovery is continuing have supported the yen.

     

    USDJPY, H4

     


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