USD/JPY – inflation in Japan is questionable
The policy of the Central Bank of Japan does not bring results in the form of a steady trend towards rising inflation. Having risen to levels of 4% in 2022, inflation has again consolidated below 3% in 2023, which increases the risk of deflation. Thus, it is unlikely that the Central Bank of Japan will tighten monetary policy.
TAKE PROFIT
Since January 17, the USD/JPY pair has been in a corrective movement to the previous growth from January 02. The exit from the correction occurred upwards and the pair broke through the level of 148.5, which suggests further growth. We believe that the target of the movement is the level of 150.5, which implies an increase of 1.5% (from the current price of 148.2).
STOP LOSS
Do not forget about risk management. A stop order can be placed at the level of 147.5 (-0.5% of the current market price of 148.2).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
