Tuesday 27 November 2012

JPY Ideas!

USDJPY I reckon it's now a sell just around 82.20 level as we trade the range of 81.80/82.20.

I still prefer buying dips on USDJPY and this will very much continue into 2013. I think we will continue to see the JPY depreciating against all major currencies in 2013.

For the shorter term, I believe there are keen buyers just around 81.50 level. Upside most banks are targeting it to go towards 84 level in the shorter term.

All the best!

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