Buy on a level breakthrough of 112.60 with 114.73 target. Stop loss = 112.10.
Reason for the trading strategy
After the elections to the upper house of the Japanese parliament held last weekend, the ruling coalition of the Liberal Democratic Party and the "Komeito" party received two thirds of the seats; they already have the same number in the lower house. That is enough for the Japanese MPs to vote for the adoption of new measures to stimulate the Japanese economy.
Reason for the trading strategy
After the elections to the upper house of the Japanese parliament held last weekend, the ruling coalition of the Liberal Democratic Party and the "Komeito" party received two thirds of the seats; they already have the same number in the lower house. That is enough for the Japanese MPs to vote for the adoption of new measures to stimulate the Japanese economy.
Exness - EURJPY: growth against the background of a weakening yen
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