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27 Mar 2014
USD/JPY cautiously bullish – FXStreet
FXStreet (Edinburgh) - Gonçalo Moreira, CMT at FXStreet, considers the appropriate stance for the USD/JPY to be cautiously bullish.
Key Quotes
“Seems like a few punters sold the break in USD/JPY below the weekly pivot (102.07) and have been scrambling to cover in the afternoon”.
“The participation in this market has been low among FXStreet dedicated contributors, with few reported positions being shackled inside the 101.80 to 102.40 on the price scale”.
Key Quotes
“Seems like a few punters sold the break in USD/JPY below the weekly pivot (102.07) and have been scrambling to cover in the afternoon”.
“The participation in this market has been low among FXStreet dedicated contributors, with few reported positions being shackled inside the 101.80 to 102.40 on the price scale”.