Positive statistics from Japan

Events that should be paid to today:

17.00 MSK. USA: ISM production index.

USDJPY:

Japan today pleased with the positive statistics on the activity index in the large-scale Tankan manufacturers – according to the results of the 3rd quarter, the indicator was 18 points, which is the maximum over the past two years. This factor will provide short-term support for Japanese Jena. Fumio Kisida, who will soon become the new Prime Minister of Japan, negatively expressed regarding aggressive stimulus from the Bank of Japan, which could also encourage investors to buy the yen.

Trade recommendation: Sell 111.33/111.60 and take profit 110.85.