Barclay’s analysts are highlighting a potential short scenario unfolding on the USD/JPY, and according to the investment bank, fundamental support for the Japanese Yen are going to time well with potential shortfalls on the US Dollar. Key highlights Yen short positions have largely been unwound according to Commitment of Traders reports. JPY is being supported on trade war issues. The Bank of Japan (BoJ) will be having a key meeting next week, expected to be Yen-positive. US-Japan trade discussions expected to weigh on risk sentiment, bolstering the Yen. Barclays is short the USD/JPY targeting 108.10, with a stop limit at 113.40. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets the Yuan reference rate at 6.7593 FX Street 5 years Barclay's analysts are highlighting a potential short scenario unfolding on the USD/JPY, and according to the investment bank, fundamental support for the Japanese Yen are going to time well with potential shortfalls on the US Dollar. Key highlights Yen short positions have largely been unwound according to Commitment of Traders reports. JPY is being supported on trade war issues. The Bank of Japan (BoJ) will be having a key meeting next week, expected to be Yen-positive. US-Japan trade discussions expected to weigh on risk sentiment, bolstering the Yen. Barclays is short the USD/JPY targeting 108.10, with a stop limit at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
