USD/JPY: June’s high of 144.50/145 expected to be an important hurdle – SocGen USDJPY Technical Analysis Banks
Defence of 140.20 crucial for persistence in up-move
Defence of 140.20, the 50% retracement of the recent bounce would be crucial for persistence in the up-move.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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Path towards 1% for 10y JGB yields should translate into lower USD/JPY and EUR/JPY – SocGenUSD/JPY trades at pre-BoJ level after rebounding on Friday from 138.07 low. Economists at Société Générale analyze the pair’s outlook. Proverbial dam
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