Home Buy USD/JPY targeting 111.50 – Citi trade of the week
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Buy USD/JPY targeting 111.50 – Citi trade of the week

USD/JPY started off the week with ith a drop under 109, but the team at Citi has other plans for the pair. Here is their trade of the week:

Here is their view, courtesy of eFXnews:

Currency investors should consider buying  USD/JPY this week, advises CitiFX Research in its weekly FX pick.

Citi recommends buying USD/JPY* around 109.30  targeting 111.50  with a stop at 107.85.  

Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets.

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Here is how the recent moves look on the dollar/yen daily chart:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.