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Oct 01 - 05:00 PM
USD/JPY: Playing Range N-Term; EUR/JPY: Room To Run Strategically Lower M-Term - TD
First appeared on eFXplus on Oct 01 - 01:00 PM

TD Research discusses JPY outlook and stays neutral on USD/JPY in the near-term, while maintains a structural bearish bias on EUR/JPY over the medium-term.

"We think USDJPY's consolidation is starting to become a bit matured. We have looked at a 107/109 as the range to play in the short-term. The upper bound coincides with the 200dma (~109.17) and we think this will offer notable resistance in what has otherwise been a trendless G10FX market," TD notes. 

"We are also placing a closer eye on EURJPY, which we think has room to run strategically lower in the next several months," TD adds. 

TD Bank Research/Market Commentary


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