The Japanese yen is among the day’s best performers “” a theme that could get more traction this week in the view of economists at TD Securities who think the JPY has room to recover some of its recent weakness as valuation and positioning look increasingly favourable. See: USD/JPY to edge higher as US economy catches up with Asia – Danske Bank Key quotes “The JPY has room to recover some of its weakness seen over the last few weeks. The yen is starting to look increasingly cheap on our valuation dashboard. At the same time, the overhang of short-JPY positions also appears overly stretched.” “Our focus today is on the 108.50/60 zone in USDJPY, where we have seen some support emerge in recent days. More interesting, however, will be to see how the pair behaves if we manage to push a bit lower under 108.35. This could trigger additional selling pressure and signal further downside potential to come.” 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: Chicago Fed National Activity Index drops to -1.09 in February vs. 0.21 expected FX Street 8 months The Japanese yen is among the day's best performers "” a theme that could get more traction this week in the view of economists at TD Securities who think the JPY has room to recover some of its recent weakness as valuation and positioning look increasingly favourable. See: USD/JPY to edge higher as US economy catches up with Asia - Danske Bank Key quotes "The JPY has room to recover some of its weakness seen over the last few weeks. The yen is starting to look increasingly cheap on our valuation dashboard. At the same time, the overhang of short-JPY… Top 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.
