The pair was supported by rising Treasury yields, which, in turn, supported Japanese exporters and the Nikkei 225. The Nikkei's spectacular rally put additional pressure on the safe yen. The yen weakened against all currencies in principle, which could be observed on the charts (about the same impulsive movement as for the USDJPY pair).
A breakout of the psychological level at 113 foreshadows a rise to 113.70, Rabobank analysts write. Perhaps it is so, but at the moment, given some weakening of the US dollar today (not only against the yen), it is highly likely that the instrument will go down.
Proposed deal for this tool:
Entry Point - 113.209
Stop Loss - 113.549
Take Profit - 112.770
Thanks for your comments and likes 👍
A breakout of the psychological level at 113 foreshadows a rise to 113.70, Rabobank analysts write. Perhaps it is so, but at the moment, given some weakening of the US dollar today (not only against the yen), it is highly likely that the instrument will go down.
Proposed deal for this tool:
Entry Point - 113.209
Stop Loss - 113.549
Take Profit - 112.770
Thanks for your comments and likes 👍
Trade active
Trade closed: stop reached:
❌CLOSED by Stop Loss
