USDJPY: growth after the statement made by the Head of the Bank of Japan

30 November, 2015

Buy on a level breakthrough of 122.93 with 123.75 target. Stop loss = 122.43.

Reason for the trading strategy

Today,  Mr. Kuroda, the governor of the Bank of Japan, said that the continuation of the current measures to stimulate the Japanese economy will boost the inflation rate up to 2%. According to him, the regulator is ready to do everything required to achieve this goal, including its additional easing.    


Source   Presented by Exness
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