Barclays says USD/JPY not in the clear yet, because although the rise in US yields has helped USD/JPY unwind oversold momentum readings, the rate still faces multiple resistance in the 78.86-79.15 zone. The bank says until these are overcome, it expects range-trading between 77.10 and 79.15 and would favor buying dips. USD/JPY now at 78.32.
Find us on Google+
No comments:
Post a Comment