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USD/JPY targets 110.98/111.04 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 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 re-test the 110.98/111.04 band.

    Key Quotes

    USD/JPY the break down from the converging range is negative and targets the 110.98/111.04 recent lows”.

    “A slip below 110.98 will see the 106.63/38.2% retracement of the move up from 2012 re-engage”.
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