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#1 15-01-2018 11:28:24
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USD/JPY: Credit Agricole believes decline may slow down in short-term
USD/JPY: Credit Agricole believes decline may slow down in the short-term
Credit Agricole says that the USD/JPY is entering into oversold territory.
The bank reports that the downside potential of the USD/JPY is becoming limited. It also says that the pair is entering oversold territory relative to its short-term fundamentals.
Credit Agricole has a target of 110 in Q1 2018.
The USD/JPY is currently trading at 110.62 and the break below support at 110.75 could encourage a further decline.
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Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » USD/JPY: Credit Agricole believes decline may slow down in short-term