USDJPY – Down
USDJPY trading plan:
Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty, but could also hasten the reopening of the world’s number two economy. The protesters made a show of civil disobedience unprecedented since leader Xi Jinping assumed power a decade ago. The hopes that Beijing could ease some of its harsh COVID restrictions had recently lifted markets off their lows in a year that has seen domestic blue chips and the Hong Kong index tumble more than 20% year-to-date.
Investment idea: buy 137.70 and take profit 138.45.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
