9 Mar 2015
USD/JPY bullish for 125 - TDS
FXStreet (Barcelona) - Shaun Osborne, Chief FX Strategist at TD Securities, remains bullish on USD/JPY, expecting the pair to target 124/125 levels on a break above 121.85.
Key Quotes
“Gains through 120.50 have bolstered the bull outlook near-term, new highs would be more constructive for the USD and put the market on track to test major resistance points above the market.”
“We look for USDJPY to progress towards 124/125 fairly quickly if the USD can push through 121.85.”
“We remain bullish and look to buy modest dips from here.”
“Support is 120.45/50 but we rather doubt the USD will pullback in a material way just yet.”
Key Quotes
“Gains through 120.50 have bolstered the bull outlook near-term, new highs would be more constructive for the USD and put the market on track to test major resistance points above the market.”
“We look for USDJPY to progress towards 124/125 fairly quickly if the USD can push through 121.85.”
“We remain bullish and look to buy modest dips from here.”
“Support is 120.45/50 but we rather doubt the USD will pullback in a material way just yet.”