Buy on a level breakthrough of 123.09 with 124.02 target. Stop loss = 122.50.
Reason for the trading strategy
In April the core CPI in Japan was -0.3% (y/y), with a forecast of -0.4% (y/y). To speed up the inflation rate to 2% (y/y) the Bank of Japan may have to expand the quantitative easing program.
Reason for the trading strategy
In April the core CPI in Japan was -0.3% (y/y), with a forecast of -0.4% (y/y). To speed up the inflation rate to 2% (y/y) the Bank of Japan may have to expand the quantitative easing program.
Exness - EURJPY: consolidation after publication of the CPI for Japan
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