More downside for USD/JPY if US stocks keep tumbling

Author: Eamonn Sheridan | Category: News

Sumitomo Mitsui analyst is looking for a downside break of 108.35 if US equities fall further.

  • Support is coming from the NFP surprise last week which does not support early Fed tapering.
More:
  • Sees a 107.50 / 109.50 range ahead
  • slide for equities has not yet sparked much FX risk-off sentiment 
Sumitomo Mitsui analyst is looking for a downside break of 108.35 if US equities fall further.


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