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22 Feb 2016
USD/JPY aims for further downside – Commerzbank
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could face further pullbacks in the very near term.
Key Quotes
“USD/JPY last week failed just below the 115.07, 38.2% retracement of the move down from the February peak and we are viewing this as an interim high – we look for further weakness this week”
Key Quotes
“USD/JPY last week failed just below the 115.07, 38.2% retracement of the move down from the February peak and we are viewing this as an interim high – we look for further weakness this week”