USD/JPY: Defending 130.40 is essential to avert a revisit of 2015 levels near 125.85/124.00 – SocGen USDJPY Banks
has slumped to its weakest level in four months below 133.00. Holding above 130.40 is critical to avoid a deeper fall, economists at Société Générale report.“Daily MACD is in deep negative territory, however, signals of a meaningful rebound are not yet visible.”
“A revisit of August trough near 130.40 is not ruled out. Defending this would be essential to avert a revisit of 2015 levels near 125.85/124.00.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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