USD/JPY to extend its decline on failure to surpass last week high at 131.20 – SocGen USDJPY Banks
“A pause is underway, however, signals of a trend reversal are not yet visible.”
“If the pair breaches recent trough at 127.20, the downtrend could extend towards 2015 levels of 125.85 and 124.00.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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