Bullish Opportunity on USD/JPY Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jun 24, 2018 5:08 PM

Why should we enter long on USD/JPY?
Fundamentals:
- The Fed will likely continue hawkish following U.S. economic strength
- The Bank of Japan will remain dovish due to low inflation data (0.7% in May, far below the 2% target)

Buy USD/JPY 109.90
SL: 109.40
Target 1: 110.60
Target 2: 111.30

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Trade closed: target reached

⋅ Jul 11, 2018 6:16 AM

hit!