A decrease in quotes to the area of last week’s minimum is advisable to use to open Buy positions, inasmuch as investors are waiting for generous stimulating measures from the Government and the Central Bank of the Land of the Rising Sun, which forces them to open “shorts” on the Japanese yen. Stimulus from the fiscal and monetary authorities have always had a negative influence on the value of the national currency, insofar as an increase in the money supply leads to a decrease in demand for the currency.

Suga became prime minister of Japan on September 16, 2020. 314 out of 465 parliamentarians voted for the new prime minister. His predecessor, Shinzo Abe, who has headed the country’s government since 2012, has resigned due to health problems. Suga did not last even a year as prime minister, and now Japan is awaiting new elections.

Trade recommendation: Buy 109.83/109.50 and take profit 110.30