Buy on a level breakthrough of 118.37 with 118.90 target. Stop loss = 117.87.
Reason for the trading strategy
Yesterday's injection of 60.8 billion dollars (via the reverse repo operations) into the country's financial system, made by the People's Bank of China, led to a reduced demand for safe assets. The euro and the yen came under pressure.
Reason for the trading strategy
Yesterday's injection of 60.8 billion dollars (via the reverse repo operations) into the country's financial system, made by the People's Bank of China, led to a reduced demand for safe assets. The euro and the yen came under pressure.
USDJPY The actions of the PBOC made the yen collapse
