Bullish Opportunity on USD/JPY
Updated
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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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
Follow me to get more signals and analysis
Trade closed: target reached
hit!
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