Commerzbank: buy USD/JPY
Analysts at Commerzbank expect USD/JPY to extend rebound from 96.95 (200-day MA). In their view, the pair is now targeting the 6-month resisistance line at 99.70.
“Potential dips should find minor support around 97.50 (late September low). Further support lies at 96.95 ahead of 95.70 (August low).”
Chart. H4 USD/JPY