10 Apr 2014
USD/JPY biased to the downside? - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group believes that USD/JPY is biased to the downside.
Key Quotes
"We still feel that it more prudent to adopt a neutral stance at current level in view of the stacks of strong mid-term support at 101.20/40.”
“However, the immediate bias is on the downside and only a move above 103.00 would indicate that the down-move has stabilized."
Key Quotes
"We still feel that it more prudent to adopt a neutral stance at current level in view of the stacks of strong mid-term support at 101.20/40.”
“However, the immediate bias is on the downside and only a move above 103.00 would indicate that the down-move has stabilized."