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- USD/JPY: Room for a potential move to 105.64 – Commerzbank
USD/JPY: Room for a potential move to 105.64 – Commerzbank
FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, discuss USD/JPY prospects.
"USD/JPY has recently eroded the 10 month downtrend. This has introduced scope towards the 200 day ma at 105.64. The 55 week ma lies at 106.43. We have for now neutralised our longer term view. In order to adopt a more positive stance longer term the market will need to regain the 55 week ma. Bear term we are positive. Dips should find support at 103.33, the 21st January low.”
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