A decrease in quotes to the area of 109.40/109.15 should be used to open Buy positions. I expect the continuation of the uptrend in the Japanese stock market, which is positive for the USDJPY, inasmuch as assets have been historically correlated with each other. On the eve, a technical correction was observed on the Tokyo Stock Exchange – this is a normal process, insofar as in the period from August 31 to September 13, the NIKKEI stock index rose in price by 11%.

The correction was brewing, and it happened. Inasmuch as investors expect new stimulus from the Government and the Central Bank of Japan, as well as maintaining stimulus from the US Federal Reserve, the current NIKKEI levels are attractive for purchases, which will have a positive influence on the USDJPY rate.

Trade recommendation: Buy 109.51/109.30 and take profit 110.10