Forex Flash: USD/JPY 1-month target is 78.00 - UBS
Forex pairs in this Article »
USD/JPY
FXstreet.com (San Francisco) - The Dollar has been unable to break above current range against the Japanese Yen with the pair trading sideways between 78.10 and 78.30 in the last two days. But in the last hour, the USDJPY has fallen below this levels to test 78.00 support.
Currently the pair is pricing at 78.10, 0.07% below opening price action. The USDJPY is "Bearish," according to a UBS recent research. "Support focus is on 77.94, a break below which would extend the downtrend to 77.66. Resistance is at 78.68/82."
UBS' "targets" are both 1 and 3 months: "78.00."
Currently the pair is pricing at 78.10, 0.07% below opening price action. The USDJPY is "Bearish," according to a UBS recent research. "Support focus is on 77.94, a break below which would extend the downtrend to 77.66. Resistance is at 78.68/82."
UBS' "targets" are both 1 and 3 months: "78.00."
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