USDJPY ready to fly!
FA: USDJPY
🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market.
📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%.
TA:
1. Uptrend on 1h time frame
2. Test ob on news in deep discount and nice bounce from it
4. Insane pin bar ( hammer ) on 1h time frame
3. liquidity sweep of Asian low
5. PDH as main target
🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market.
📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%.
TA:
1. Uptrend on 1h time frame
2. Test ob on news in deep discount and nice bounce from it
4. Insane pin bar ( hammer ) on 1h time frame
3. liquidity sweep of Asian low
5. PDH as main target
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