Sell on a level breakthrough of 107.50 with 106.00 target. Stop loss = 108.00.
Reason for the trading strategy
The weak macroeconomic statistics in the US and a sharp curtailing of the yen carry trade operations in Asia (due to the collapse in oil prices) are putting pressure on the USDJPY pair. Opening another set of short positions in it can be considered below the level of 107.5.
Reason for the trading strategy
The weak macroeconomic statistics in the US and a sharp curtailing of the yen carry trade operations in Asia (due to the collapse in oil prices) are putting pressure on the USDJPY pair. Opening another set of short positions in it can be considered below the level of 107.5.
USDJPY: consolidation above the level of 107.5
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