USD/JPY | Partial Close/Stoploss@BE | 10:52:19 (UTC) Mon Aug 2

USD/JPY is expected to lose further ground this week. The currency gained 17 pips throughout the week as the Fed outlined conditions for its long-awaited bond reduction on July 28. Anecdotal evidence suggests that the US economy is slowing. Japan's economy showed no indications of slowing, and the data matched forecasts. Only a prolonged rally over may reverse the trend. USD/JPY is expected to lose further ground this week, despite the US economy showing no signs of slowing. The Fed's Jackson Hole Symposium will be held on August 26-28, when the Fed is expected announce its tapering strategy. Japan's economy showed no indications of slowing, and the data matched forecasts for industrial output in June. USD/JPY prediction is 52.1, which is somewhat lower than last month's reading of 53.0. Fears of slowing growth kept oil prices low all week. The Fed is expected to announce its tapering strategy during the Jackson Hole Symposium next week. US jobless claims are expected to drop to 345k this week, down from 348k last week.

Trade closed: target reached:

===== Position closed =====
Signal#:31
OrderType: Buy
Symbol: USDJPY
OpenPrice 109.791
StopLoss 110.044
TakeProfit 0
🕓 Duration: 4 days and 19:57

Profit/Loss is: 25 PIPs (171.75 USD)