29.07.2014 8:08 USDJPY
USDJPY: growth after publication of data on Japanese household expenses
Buy on rebound from 101.93 level with 102.75 target. Stop loss = 101.30.
Reason for the trading strategy.
Rates of reduction of Japanese household expenses in June decreased from 8% to 3% per annum. Therefore, after April's introduction of sales tax, consumer spending in Japan is now recovering, enabling carry trade transactions using the yen.
USDJPY, H4
USDJPY: growth after publication of data on Japanese household expenses
Buy on rebound from 101.93 level with 102.75 target. Stop loss = 101.30.
Reason for the trading strategy.
Rates of reduction of Japanese household expenses in June decreased from 8% to 3% per annum. Therefore, after April's introduction of sales tax, consumer spending in Japan is now recovering, enabling carry trade transactions using the yen.
USDJPY, H4
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