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Forex pairs in this Article » GBP/USD, USD/JPY
FXStreet (Bali) - The recovery of the Japanese Yen may have further legs to go against both, the EUR and the GBP, notes Thomas Anthonj, FX Strategist at JP Morgan.

Key Quotes

"Prospects for the JPY of having launched a broader recovery are much better against EUR and GBP where the crucial T-junctions in form of key-support are already in close reach at 137.77 (EUR/JPY) and at 167.88 in GBP/JPY (broken this week). Decisive hourly closes below would open significant downside to 38.2 % retracements on higher scale at 128.36 and at 153.45/152.87."
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