USDJPY: growth against the background of a weakening yen

USDJPY
Nov. 9, 2015, 11:24
Buy on a level breakthrough of 123.47 with 124.00 target. Stop loss = 122.97.

Reason for the trading strategy

Today's Nikkei225 index growth of almost 2% contributes to the yen carry trade transactions. Investors buy the USD/JPY pair in anticipation of an imminent tightening of the US interest rate policy.

USDJPY, H4

USDJPY: growth against the background of a weakening yen

USDJPY: growth against the background of a weakening yen

USDJPY
Nov. 4, 2015, 10:15
Buy on a level breakthrough of 121.47 with 122.00 target. Stop loss = 120.97.

Reason for the trading strategy

Today's rise in the Nikkei 225 index by 1.3% contributes to the conclusions of the yen carry trade transactions. Optimism in Asia associated with the publication of the Caixin business activity index in the China's service sector grew in October from 50.5 p. 52 p.

USDJPY: growth against the background of a weakening yen