Buy on a level breakthrough of 104.97 with 106.81 target. Stop loss = 104.40.
Reason for the trading strategy
Market participants expect the start of a new fiscal stimulus package in Japan, the amount of which may reach up to 20 trillion yen. The measures it identified will likely be aimed at stimulating infrastructure investments and an increase in the number of those who can qualify for retirement benefits. The plans to raise the consumption tax, which caused a lot of complaints, have been postponed until October 2019 for now.
Reason for the trading strategy
Market participants expect the start of a new fiscal stimulus package in Japan, the amount of which may reach up to 20 trillion yen. The measures it identified will likely be aimed at stimulating infrastructure investments and an increase in the number of those who can qualify for retirement benefits. The plans to raise the consumption tax, which caused a lot of complaints, have been postponed until October 2019 for now.
Exness - USDJPY: adjustment from the resistance level of 104.97
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