Sell on a level breakthrough of 108.82 with 108.22 target. Stop loss = 109.32.
Reason for the trading strategy
The Japanese bank managers believe that inflation expectations in the country are likely to weaken. In particular, in Tokyo, a decline in core consumer price index from -0.3% to -0.5% per annum was recorded in May. However, as market participants see, the Bank of Japan has no intention to significantly expand the money supply in the country.
Reason for the trading strategy
The Japanese bank managers believe that inflation expectations in the country are likely to weaken. In particular, in Tokyo, a decline in core consumer price index from -0.3% to -0.5% per annum was recorded in May. However, as market participants see, the Bank of Japan has no intention to significantly expand the money supply in the country.
Exness - USDJPY: consolidation above the level of 108.82
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