Initiate long USD/JPY - JPMorgan

By FXstreet.com | Updated August 14, 2014 AAA

FXStreet (Bali) - JP Morgan FX Strategy Team recommends to buy USD/JPY at 102.530, with stop at 100.550, not specifying target.



Key Quotes



"USD/JPY is screening too low on our fair value models and has relatively clean spec positions."



"We recommend neutralizing our current net USD shorts through this trade. Buy USD/JPY at 102.530. Stop at 100.55."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Forecast: Dollar Faces NFPs, Euro Anticipating Greece and Risk Languishes

  2. Forex News

    USD/JPY Holds 118.20 Support Ahead of Fed Rhetoric, NFP Report

  3. Forex News

    USD/JPY: Remains at risk of easing - TDS

  4. Forex News

    USD/JPY sold at 119.25; back to 119.00

  5. Forex News

    USD/JPY drops below 119.00

Trading Center