Analysts at TD Securities note that USD/JPY has been drifting lower over the last day or two. Spot has been unable to hold on to a 109 handle as rallies have been sold since Monday’s local peak. Key quotes “We think USD/JPY downside is starting to look like an attractive proposition if we get a more pronounced pullback in risky assets.” “On a very short-term basis, the next move may be to re-test the air above 109.25. We think that any rally that does result should be sold, however, and would be somewhat surprised if spot reclaimed a 110 handle for this cycle.” “Looking lower, we think 108.50 would mark an initial target to the downside. Below this, the objectives are pretty easy to spot, we think, where we could then get a test of 108.20 ahead of 107.80.” 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 US Treasury Sec. Mnuchin: Will be selling 20-year and 30-year Treasury bonds FX Street 2 years Analysts at TD Securities note that USD/JPY has been drifting lower over the last day or two. Spot has been unable to hold on to a 109 handle as rallies have been sold since Monday's local peak. Key quotes “We think USD/JPY downside is starting to look like an attractive proposition if we get a more pronounced pullback in risky assets.” “On a very short-term basis, the next move may be to re-test the air above 109.25. We think that any rally that does result should be sold, however, and would be somewhat surprised if spot reclaimed a 110 handle… 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.
