SEB: USD/JPY testing first-hand downside target – eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB views that with USD/JPY maintaining a bearish tone, 118.11/04 might be the next lower target.

Key Quotes

“The market is moving bearishly to and through the 55day exponentially weighted moving average band. Further down 118.11/04 would be of interest, while the next key level at 116.76/64 is yet too distant and thus left on the backburner for now.”

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