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Forex pairs in this Article » USD/JPY (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Japan’s Tankan survey showed improved conditions for large manufacturers and an improving outlook.

Key Quotes

“But the data were spoiled a bit by a downward revision to capex plans.”

“The yen remains in last week’s USD/JPY 102.15-103.92 range. We like buying USD/JPY in a 102.50-80 range, with a stop at 102, for a further test of 104 this week. GBP/JPY is worth buying also.”
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