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14 Jan 2015
USD/JPY may target 116.90 – UOB
FXStreet (Barcelona) - Analysts at UOB Group stick to their bearish view for USD/JPY, anticipating that the pair will move towards 116.90 in coming days.
Key Quotes
“Despite the choppy movement the last couple of days, the outlook for this pair is still clearly weak. We continue to expect a move towards our target at 116.90 in the coming days. Trailing-stop has moved lower to 119.30 from 120.00.”
Key Quotes
“Despite the choppy movement the last couple of days, the outlook for this pair is still clearly weak. We continue to expect a move towards our target at 116.90 in the coming days. Trailing-stop has moved lower to 119.30 from 120.00.”