Sell on a level breakthrough of 122.55 with 121.00 target. Stop loss = 123.05.
Reason for the trading strategy
According to our estimates, the Bank of Japan will resort to intervention to weaken the yen if the USDJPY drops to the level of 99. Until then, the yen is likely to continue consolidating on the foreign exchange market.
Reason for the trading strategy
According to our estimates, the Bank of Japan will resort to intervention to weaken the yen if the USDJPY drops to the level of 99. Until then, the yen is likely to continue consolidating on the foreign exchange market.
The EURJPY is approaching the April low
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