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31 Mar 2015
USD/JPY downside protected in the short-term – KBC
FXStreet (Barcelona) - The KBC Bank Research Team views that USD/JPY remains in a right sideways pattern between 118-122, with its downside protected in the short-term.
Key Quotes
“USD/JPY tested the 121.85/122.03 resistance, but a break didn’t occur. The post-Fed setback didn’t change the USD/JPY picture fundamentally.”
“The pair is till captured in a tight sideways pattern around the 120 pivot (118-122). The downside looks a bit better protected short-term.”
Key Quotes
“USD/JPY tested the 121.85/122.03 resistance, but a break didn’t occur. The post-Fed setback didn’t change the USD/JPY picture fundamentally.”
“The pair is till captured in a tight sideways pattern around the 120 pivot (118-122). The downside looks a bit better protected short-term.”