Short USD/JPY – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Research Team at Deutsche Bank, suggests to go short on the USD/JPY pair with the entry level being 113.20 for the target of 105 and maintaining a stop loss of 116.

    Key Quotes

    “With rate differentials pointing to a 105-110 range and further BoJ rate cuts restrained by the cost imposed on the banking system, go short USD/JPY to benefit from a renewed pick-up in risk aversion, particularly if the G20 doesn’t deliver the coordinated action the market hopes for this week. Positioning trends should be followed, not faded.”
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