Buy on rebound from 125.04 level with 125.84 target. Stop loss = 124.50.
Reason for the trading strategy
Japan's GDP in Q1 2015 increased by 1.0% (q/q), which was better than the preliminary estimate of 0.6% (q/q). The index rose due to the revision of Japanese companies' capital investment from 0.4% (q/q) to 2.7% (q/q). Private consumption has not been revised and increased in Q1 2015 by 0.4% (q/q), the export growth was 2.4% (q/q). The data is positive for the yen. Fixing of long positions can be expected in the USD/JPY pair.