TD trade of the week: Sell USD/JPY – ForexLive

Trade idea from TD

Trade idea from TD

USD/JPY is trading up 12 pips to 109.15 today. TD Research suggests it’s a good time to sell. They target 107.00 and put a stop at 110.70.

“Softer data could offset the Fed, especially if the BOJ injects more two-sided risks,” they note.

Credit Agricole is also highlighting downside risks in this pair.

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