27 Apr 2015
USD/JPY below 121.00 risks a drop towards 117.50 - Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, sees downside risks for USD/JPY if the pair fails to move above 121.00 in the next 2 weeks.
Key Quotes
“JPY consolidates ahead of the BoJ rate decision this week and the dollar still keeps hopes for another upside. However it has to deal with 119.90-120.00 first, then 120.70.”
“We have support at 118.50.”
“If we do not succeed to break above 121.00 for the next 2 weeks the pair is going to drop to 117.50 and below.”
Key Quotes
“JPY consolidates ahead of the BoJ rate decision this week and the dollar still keeps hopes for another upside. However it has to deal with 119.90-120.00 first, then 120.70.”
“We have support at 118.50.”
“If we do not succeed to break above 121.00 for the next 2 weeks the pair is going to drop to 117.50 and below.”