USD/JPY a sell the fact on the trade deal signing - analyst says yes

Author: Eamonn Sheridan | Category: News

Sumitomo Mitsui Trust Bank wary on further upside for USD/JPY from here

  • vulnerable to sell-the-fact response to the phase 1 signing
  • Say the agreement was priced in 
  • Uncertainties now over future second-phase negotiations - when will they begin
  • Uncertainty also over actulz implementation of P1 agreement
Nominate levels:
  • resistance around 110 (real money offers)
  • support around 108, and if that gives way downside to 106 or 107 if trade negotiations from her stumble

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose