Buy on a level breakthrough of 120.70 with 121.30 target. Stop loss = 120.20.
Reason for the trading strategy
Today, Nikkei 225 is increasing moderately - b y 0.27%, winning back yesterday's rise in the US stock indices, which had gained more than 1%. Meanwhile, trading activity in the USD/JPY pair continues to be extremely low. The US labor market statistics for December, which will be published on January 8, will serve as a catalyst for this pair's growth.
Reason for the trading strategy
Today, Nikkei 225 is increasing moderately - b y 0.27%, winning back yesterday's rise in the US stock indices, which had gained more than 1%. Meanwhile, trading activity in the USD/JPY pair continues to be extremely low. The US labor market statistics for December, which will be published on January 8, will serve as a catalyst for this pair's growth.
The fluctuations in the USDJPY pair are of a diminishing nature
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