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Sell USD/JPY this week – MUFG

July 25, 2020 at 07:32PM

Sell USD/JPY this week – MUFG
Trade of the week from Mitsubishi UFG
Analysts at MUFG recommend selling USD/JPY at spot with a target of 1036.80 and a stop at 107.60.
"The USD/JPY rate has fallen sharply today and we see scope for that extending over the coming weeks," they wrote on Friday. "The FOMC meeting next week is also likely to be
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