USDJPY
Oct. 9, 2015, 11:22
Buy on a level breakthrough of 120.20 with 121.23 target. Stop loss = 119.70.
Reason for the trading strategy
A low probability of an imminent tightening of the US monetary policy promotes growth in the number of yen carry trade deals. Today, the Nikkei225 index adds more than 1.6%, and the yen is weakening against the US dollar.
USDJPY, H4
Oct. 9, 2015, 11:22
Buy on a level breakthrough of 120.20 with 121.23 target. Stop loss = 119.70.
Reason for the trading strategy
A low probability of an imminent tightening of the US monetary policy promotes growth in the number of yen carry trade deals. Today, the Nikkei225 index adds more than 1.6%, and the yen is weakening against the US dollar.
USDJPY, H4
USDJPY: growth against the background of a weakening yen
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