Jon Steeler Posted January 28, 2020 Share Posted January 28, 2020 Could we see a USDJPY rally? If so, to which target? Quote Link to comment Share on other sites More sharing options...
0 Sam Farrah Posted January 28, 2020 Share Posted January 28, 2020 We certainly could. This is a pair that normally acts as a risk proxy. for example when risk is on the pair will rise and when risk is off it will fall. Right now it seems that the risks in the environment are fading somewhat with the coronavirus seemingly not causing too much panic, so, in that case I would expect a rise in the UJ. When it comes to targets, I would look towards 109.60 initially before then looking towards the 110 level. Remember, if risks escalate anywhere in the market then you could see the pair drop further. but as of now we are heading towards a risk on environment. Quote Link to comment Share on other sites More sharing options...
Question
Jon Steeler
Could we see a USDJPY rally? If so, to which target?
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.