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Nov 03 - 02:55 PM

USD/JPY: About To Enter A Critical 100-103 Zone; Where To Target? - BofA

By eFXdata  —  Nov 03 - 01:30 PM

Bank of America Global Research maintains its USD/JPY year-end target around 103.

"USD/JPY is about to enter a critical 100-103 zone with 103 being our 4Q20 target as potential heightened social and political tension around the US election may be underpriced," BofA notes. 

"We maintain our view that USD/JPY would be supported by a strong floor in the 100-103 range, while cross-yen would be more vulnerable to the downside in case of a contested election result," BofA adds. 

Source:
BofA Global Research

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