Strategists at OCBC Bank do not rule out a test of the 1.1220 high for the USD-JPY for now, although the broad risk-off environment should limit gains. Key quotes “The USD-JPY continues to search higher, even as its short-term implied valuations remain anchored at lows.” “It leaves us skeptical of the recent updrift. Nevertheless, we cannot rule out a test of the recent high at 1.1220, but we will not chase the pair higher.” 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 Malaysia: BNM reduced rates on COVID-19 panic – UOB FX Street 2 years Strategists at OCBC Bank do not rule out a test of the 1.1220 high for the USD-JPY for now, although the broad risk-off environment should limit gains. Key quotes “The USD-JPY continues to search higher, even as its short-term implied valuations remain anchored at lows.” “It leaves us skeptical of the recent updrift. Nevertheless, we cannot rule out a test of the recent high at 1.1220, but we will not chase the pair higher.” 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.
