Buy on a level breakthrough of 119.75 with 120.25 target. Stop loss = 119.25.
Reason for the trading strategy
According to the final data, in March, the volume of industrial production in Japan decreased by 0.8% (m/m), instead of 0.3% (m/m). In March, the tertiary business activity index in Japan's services sector fell by 1% (m/m). The statistics is negative for the yen. On a resistance level breakthrough of 119.75, opening long positions in the USD/JPY pair is worth considering.