Large banks long on USD/JPY
With USD/JPY hitting the 103.00 mark this week, many traders decided to book their profits. As a result, USD/JPY dipped from the daily high of 103.40 to 102.50.
Still, the large banks are still betting to see the pair at higher levels:
Commerzbank recommends buying the pair on dips to 101.50 and with a stop at 99.55.