SEB: USD/JPY downside risks mounting – eFXnews

FXStreet (Barcelona) – The Technical Strategy Team at SEB Group, sees downside risks mounting for USD/JPY for a move towards the 118.33-122.04 range, as noted by eFXnews.

Key Quotes

“The pattern of consistently falling tops together with repeated attacks on the 122.04 support (and 55d ma band) should clearly those still short the yen. We clearly see an increasing risk for a return into the prior half yearlong 118.33 – 122.04 range (and by doing so also likely putting a visit of the low end on the agenda).”

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The Technical Strategy Team at SEB Group, sees downside risks mounting for USD/JPY for a move towards the 118.33-122.04 range, as noted by eFXnews.

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