Japan today delighted us with positive statistics on the activity index in the sector of large manufacturers Tankan – according to the results of the 3rd quarter, the indicator was 18 points, which is the maximum for the last two years.

This factor will provide short-term support for the Japanese yen. Fumio Kishida, who will become the new prime minister of Japan soon, speaks negatively about aggressive stimulus from the Bank of Japan, which may also encourage investors to buy the yen.

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