Buy on a level breakthrough of 131.00 with 131.64 target. Stop loss = 130.50.
Reason for the trading strategy
In December, the average wage in Japan increased by 0.1% (y/y), with a forecast of 0.7% (y/y). Low inflationary pressure contributes to preservation of an ultra soft monetary policy in Japan. The Bank of Japan representatives declare about a possibility of a further reduction in the key deposit rate in the country.