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Forex Flash: USD/JPY technicals point higher - Nomura

Nomura Strategist Saeed Amen has taken a look at USD/JPY from a purely technical perspective and believe it looks bullish ahead.

Amen notes that spot is up on the week and he is flipping to a bullish view. Viewing his daily chart he sees that bandwidth is expanding which indicates that we are still in a breakout. Further, he notes that spot has repeatedly tested the upper Bollinger band which supports the break out view. he finishes by writing, “RSI is rising, indicating that short term momentum is on the upside. Our target is 97.00, which is above Friday‟s high.”

Forex Flash: Non Farm payrolls again highlights improving US conditions - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the non-farm payroll report on Friday has again highlighted the better economic conditions in the US.
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Forex Flash: USD/JPY to hit 100? - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that many participants have their sights set on USD/JPY 100 and 13,000 for the Nikkei.
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