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17 Mar 2016
USD/JPY targets 110.98/111.04 – Commerzbank
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could re-test the 110.98/111.04 band.
Key Quotes
“USD/JPY the break down from the converging range is negative and targets the 110.98/111.04 recent lows”.
“A slip below 110.98 will see the 106.63/38.2% retracement of the move up from 2012 re-engage”.
Key Quotes
“USD/JPY the break down from the converging range is negative and targets the 110.98/111.04 recent lows”.
“A slip below 110.98 will see the 106.63/38.2% retracement of the move up from 2012 re-engage”.