Sell on a level breakthrough of 109.40 with 108.40 target. Stop loss = 110.00.
Reason for the trading strategy
In April, Japan's foreign trade surplus totaled 823.5 billion yen, with the forecast of 535 billion yen. Imports in Japan decreased by 23.3% (y/y) in April, while exports decreased by only 10.1% (y/y). The growth in the trade balance, which is part of Japan's GDP will support the yen.
Reason for the trading strategy
In April, Japan's foreign trade surplus totaled 823.5 billion yen, with the forecast of 535 billion yen. Imports in Japan decreased by 23.3% (y/y) in April, while exports decreased by only 10.1% (y/y). The growth in the trade balance, which is part of Japan's GDP will support the yen.
Exness - USDJPY:under pressure against background of rising trade balance in Japan
ليست هناك تعليقات:
إرسال تعليق