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USD/JPY aims for further downside – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could face further pullbacks in the very near term.

    Key Quotes

    USD/JPY last week failed just below the 115.07, 38.2% retracement of the move down from the February peak and we are viewing this as an interim high – we look for further weakness this week”
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