Sell on a level breakthrough of 99.92 with 99.00 target. Stop loss = 100.50.
Reason for the trading strategy
Today, the Nikkei 225 fell by almost 8%, and the protective yen strengthened sharply. After it became known that the UK supporters of the UK' exit from the EU were winning, investors began to curtail the yen carry trade operations. The current rebound of the USDJPY pair is associated with the expectations of the world's largest central banks opening the swap lines. This measure will allow to fight against potential liquidity shortages. There is still no talk about currency intervention.
Reason for the trading strategy
Today, the Nikkei 225 fell by almost 8%, and the protective yen strengthened sharply. After it became known that the UK supporters of the UK' exit from the EU were winning, investors began to curtail the yen carry trade operations. The current rebound of the USDJPY pair is associated with the expectations of the world's largest central banks opening the swap lines. This measure will allow to fight against potential liquidity shortages. There is still no talk about currency intervention.
Exness - The dollar is still holding on above the level of 100 yen
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