USD/JPY set to test 121.00 – Littlefish FX

FXStreet (Barcelona) - Analysts at Littlefish FX give the outlook and key targets for EUR, AUD and JPY versus USD.

Key Quotes

“EUR: While 1.1050 supports expect test of 1.1350”

“AUD: While .8050 holds potential for medium term down trend resumption”

“JPY: While 118.60/80 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”

USD/JPY bullish target at 124.59 – BAML

MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, views that the uptrend is set to resume for USD/JPY for 124.59, and above it 128.45.
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EUR/USD turns lower after US data

EUR/USD turned lower and fell sharply after the release of the latest series of US data, despite numbers came in on the soft side.
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