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2 Jan 2015
USD/JPY may remain between 119-121 levels – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team believes the USD/JPY pair may trade between 119-121 levels for a few days, but expect the pair to test above 122 levels later in the month.
Key Quotes
“Dollar-Yen may be quiet between 119-121 for a few days but can rise to test multi-year trend Resistance near 122.70-123.00 later in the month. Expect this Resistance to hold on initial testing at least.”
“The Euro-Yen (145.17) looks more bullish in the medium term with chances of further rise towards 156.15, suggesting strength for Euro-Dollar in the coming months. Be careful about shorting the Euro.”
Key Quotes
“Dollar-Yen may be quiet between 119-121 for a few days but can rise to test multi-year trend Resistance near 122.70-123.00 later in the month. Expect this Resistance to hold on initial testing at least.”
“The Euro-Yen (145.17) looks more bullish in the medium term with chances of further rise towards 156.15, suggesting strength for Euro-Dollar in the coming months. Be careful about shorting the Euro.”