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4 Jun 2015
USD/JPY: another test of 125 likely – UOB
FXStreet (Barcelona) - Analysts at UOB Group, see a re-test of 125 levels for USD/JPY possible as long as the pair remains above 123.60.
Key Quotes
“As pointed out yesterday, while the recent strong momentum has clearly been dented, only a break below 123.60 would indicate that we have seen an interim top. Otherwise, another attempt to break above 125.00 cannot be ruled out just yet. The next key level above 125.00 is at 125.75.”
Key Quotes
“As pointed out yesterday, while the recent strong momentum has clearly been dented, only a break below 123.60 would indicate that we have seen an interim top. Otherwise, another attempt to break above 125.00 cannot be ruled out just yet. The next key level above 125.00 is at 125.75.”