Daily Recommendations on Major USD/JPY

Daily Recommendations on Major USD/JPY

27 May 2016, 12:19
Roberto Jacobs
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Daily Recommendations on Major USD/JPY

  DAILY MARKET OUTLOOK on Major USD/JPY 
Update Time: 27 May 2016 08:12 GMT

USD/JPY - 109.75
Despite dlr's erratic rise from 109.11 (Monday) to 110.45 (Wednesday), yesterday's selloff to 109.42 in Asia signals 'choppy' trading below last Fri's 3-wk peak at 110.59 would continue and below 109.11 would bring retrace. of early rise from 105.55 (May) towards 108.72.

Still favour trading from short side and only above 110.59 extends upmove from 105.55 to 111.10/20 later.


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