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USD/JPY eyes 110.00 in the next weeks – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - USD/JPY could be headed towards the 110.00 hanlde in the next weeks, according to Strategist at TD Securities Ned Rumpeltin.

    Key Quotes

    “For USDJPY, we continue to target a move down to 110 in the weeks ahead as the BoJ’s recent rate cut into negative territory has rapidly lost its punch”.

    “A break below the mid-Jan low at 115.98 would significantly increase our confidence that the next phase of the move lower was underway as 119.42 should provide a firm backstop”.
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