Buy on rebound from 110.65 level with 111.91 target. Stop loss = 110.00.
Reason for the trading strategy
At the end of this week, the US dollar may substantially strengthen if the Bank of Japan eases the monetary policy. The Japanese regulator is likely to expand the quantitative easing program and reduce the key deposit rate to -0.2%. Implementation of these measures is able to push the USDJPY pair up to the range of 113.5-114.
Reason for the trading strategy
At the end of this week, the US dollar may substantially strengthen if the Bank of Japan eases the monetary policy. The Japanese regulator is likely to expand the quantitative easing program and reduce the key deposit rate to -0.2%. Implementation of these measures is able to push the USDJPY pair up to the range of 113.5-114.
Exness - The USDJPY pair is approaching the support level of 110.65
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