16 Feb 2016
USD/JPY: cautiously bearish - Scotiabank
Analysts at Scotiabank explained the technical conditions surrounding the Yen.
Key Quotes:
"USD/JPY short-term technicals: bearish, with caution."
"Bearish momentum signals have softened, and bearish trend indicators are showing signs of stabilization.
USD/JPY is flirting with a break of its 9 day MA (114.69), beyond which we look to the Feb 10 open above 115.00 and the Feb 5 doji near 116.80. Support is expected at 113.20."
Key Quotes:
"USD/JPY short-term technicals: bearish, with caution."
"Bearish momentum signals have softened, and bearish trend indicators are showing signs of stabilization.
USD/JPY is flirting with a break of its 9 day MA (114.69), beyond which we look to the Feb 10 open above 115.00 and the Feb 5 doji near 116.80. Support is expected at 113.20."