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Trader, analyst and instructor with a 6-year experience

BofA: buy USD/JPY

Bank of America Merrill Lynch bought USD/JPY at 97.50, with a stop at 96.55, and a target at 100.62. "The impulsive advance and corrective decline from the October 8 lows at 96.57 says that the recent gains should extend", analysts say. 

Сhart. Daily USD/JPY

They also maintain a long EUR/JPY position from 132.70, with a stop at 130.90 and targeting 138.12.

 

Сhart. Weekly EUR/JPY

JPY
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