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.