19 Feb 2015
USD/JPY remains a sell-on-upticks – KBC
FXStreet (Barcelona) - The KBC Bank Research Desk, prefers a sell-on-upticks approach for USD/JPY, expecting the pair to hold the 115.57- 121.85 range.
Key Quotes
“USD/JPY tried to regain the 120 barrier after the US payrolls. However, the key 120.83/121.85 topside resistance stayed out of reach.”
“The yen even regained ground on rumours of an internal debate within the BOJ on the efficacy of more easing.”
“The pair holds well within the 115.57/121.85 trading range.”
“We expect the range to hold for now. A sell-on-upticks approach is slightly preferred.”
Key Quotes
“USD/JPY tried to regain the 120 barrier after the US payrolls. However, the key 120.83/121.85 topside resistance stayed out of reach.”
“The yen even regained ground on rumours of an internal debate within the BOJ on the efficacy of more easing.”
“The pair holds well within the 115.57/121.85 trading range.”
“We expect the range to hold for now. A sell-on-upticks approach is slightly preferred.”