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."



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