Buy USD/JPY Tactically On A Move Towards 111 - NAB

Buy USD/JPY Tactically On A Move Towards 111 - NAB

17 February 2016, 14:37
Vasilii Apostolidi
0
56

While we have little faith in the BoJ's ability to unilaterally orchestrate a infant or sustained recovery in USD/JPY, our modelling is suggesting the current rally in USD/JPY is starting to look stretched and we would look to establish a tactical long if we see 111 trade," NAB advises. 

NAB looks to buy USD/JPY into a move towards 111 targeting 115.   

PS: Copy signals and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105    

Share it with friends: