USDJPY: growth after publication of data on foreign trade in Japan
USDJPY
Oct. 21, 2015, 09:48
Buy on a level breakthrough of 120.07 with 120.55 target. Stop loss = 119.60.
Reason for the trading strategy
In September, Japan's foreign trade deficit totaled 114.5 billion yen with a surplus of 100 billion yen predicted. Exports from Japan in September amounted to 0.6% (y/y), with a forecast of +3.4% (y/y). The insufficiently weak yen and the decline in business activity in China may promote an expansion of the Bank of Japan's asset purchases program.
USDJPY, H4
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