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6 Feb 2015
USD/JPY downside possibilities increasing – UOB Group
FXStreet (Barcelona) - The Research Team at UOB Group, retain their bearish view for USD/JPY, noting that the downside possibilities are increasing for the pair.
Key Quotes
“While we are still holding on to our bearish USD view, the probability of a sustained drop is decreasing by the day.”
“However, only a break above 118.55 would indicate that our bearish expectation is wrong.”
“Key short-term level to monitor on the downside is at 117.00 followed by 116.65.”
Key Quotes
“While we are still holding on to our bearish USD view, the probability of a sustained drop is decreasing by the day.”
“However, only a break above 118.55 would indicate that our bearish expectation is wrong.”
“Key short-term level to monitor on the downside is at 117.00 followed by 116.65.”