Buy on a level breakthrough of 121.88 with 122.86 target. Stop loss = 121.30.
Reason for the trading strategy
Today, the Nikkei225 index gains over 0.6% against the background of growth in demand for risky assets. The yen, serving as a protective asset, is losing ground in the international currency market. In the evening, the weekly publication of the statistics on the number of initial jobless claims in the United States may support the USD/JPY pair. According to the last week's totals, the number of jobless claims is expected to decline from 281 thousand to 274 thousand.