Buy on a level breakthrough of 110.58 with 111.87 target. Stop loss = 110.08.
Reason for the trading strategy
In April, the price index for corporate services in Japan rose by 0.2% (y/y), as expected. The statistics indicate low inflationary pressure in the country. Japan's consumer price index will be published tomorrow. A possible slowdown in the growth rate will put pressure on the yen.
Reason for the trading strategy
In April, the price index for corporate services in Japan rose by 0.2% (y/y), as expected. The statistics indicate low inflationary pressure in the country. Japan's consumer price index will be published tomorrow. A possible slowdown in the growth rate will put pressure on the yen.
Exness - The inflationary statistics disturb the yen
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