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Short USDJPY

Hi Everyone, USDJPY has been on a nice rally up, but it seems like it has lost a bit of power.
On top of technical analysis, the recent news released with some key economic indicators showing positive impact to control inflation, which leads to a lower probability of heavy hikes in interest rates.

I believe USDJPY is ready for a correction and 1:2.5 will be my risk to reward with the setup shown on this screenshot.

Thank you
İşlem aktif
Very nice push to the down side.
We are now very close to a first target where you could wish to take some partial profits.

Feragatname