SEB: USD/JPY so far responding to the top line - eFXnews

FXStreet (Łódź) - The eFXnews team comment that SEB expects USD/JPY to slide lower after meeting the majority of the short-term targets.

Key quotes

"With many dollar pairs at or close to short term turning points we wonder if not also USD/JPY should follow suite and retrace lower."

"The strongest signal will be given should the pair return into the rising wedge formation (i.e. breaking below 107.50) calling for the 'throw over' to have ended."

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