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USD/JPY could test 114.50/115.00 – BBG

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to analysts at BBH, the pair could attempt another visit of the 114.50/115.00 area.

    Key Quotes

    “The dollar continues to carve out a range against the Japanese yen”.

    “Barring the post-FOMC overshoot that took the greenback briefly through JPY110.70, the JPY111.00 marks the bottom of the range”.

    “On the top side, which has also been tested three times since mid-February, the JPY114.40-JPY115.00 provides the cap. The technical indicators suggest the dollar can re-test the ceiling”.
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