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9 Sep 2013
Flash: Playing USD/JPY from the long side - JPMorgan
FXstreet.com (Barcelona) - JP Morgan Asia Pacific FX Strategists report leverage names and retail types showing very good demand in USD/JPY early this morning in Asia, with volumes very heavy.
Key Quotes
"Nikkei CME future is already up 400 pts and will keep the underlying bid tone for the headline pair."
"99.50/60 is already becoming the initial support while 100.20/30 should be coming in play once the equity opens."
"We are playing this from long side and maintain the constructive bias."
Key Quotes
"Nikkei CME future is already up 400 pts and will keep the underlying bid tone for the headline pair."
"99.50/60 is already becoming the initial support while 100.20/30 should be coming in play once the equity opens."
"We are playing this from long side and maintain the constructive bias."