USDJPY
Nov. 9, 2015, 11:24
Buy on a level breakthrough of 123.47 with 124.00 target. Stop loss = 122.97.
Reason for the trading strategy
Today's Nikkei225 index growth of almost 2% contributes to the yen carry trade transactions. Investors buy the USD/JPY pair in anticipation of an imminent tightening of the US interest rate policy.
USDJPY, H4
Nov. 9, 2015, 11:24
Buy on a level breakthrough of 123.47 with 124.00 target. Stop loss = 122.97.
Reason for the trading strategy
Today's Nikkei225 index growth of almost 2% contributes to the yen carry trade transactions. Investors buy the USD/JPY pair in anticipation of an imminent tightening of the US interest rate policy.
USDJPY, H4
USDJPY: growth against the background of a weakening yen
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