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14 Nov 2013
Flash: USD/JPY poking through key resistance - TD Securities
FXstreet.com (Edinburgh) - TD Securities strategists note that the JPY is one of the worst performing currencies among the G10 overnight, with some softer data out of Japan reinforcing the notion that the BoJ and Abe government will need to maintain and potentially increase stimulus efforts.
Key Quotes
“The broad bid in the USD was perhaps the stronger force driving the pair higher though, and on the charts the move is starting to look rather bullish.”
“A close above key trend resistance at 99.70/80 would signal more strength in the coming weeks—potentially in the order of a few big figures.”
Key Quotes
“The broad bid in the USD was perhaps the stronger force driving the pair higher though, and on the charts the move is starting to look rather bullish.”
“A close above key trend resistance at 99.70/80 would signal more strength in the coming weeks—potentially in the order of a few big figures.”