FXCM

JPY Crosses Could See Strength in Near-Term, Looking for Opportunities to Sell

Wednesday July 1, 12:55 PM

My picks: Looking for Chance to Sell JPY Crosses
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week

In the very near-term, the JPY crosses appear to have some upside potential, and one of the pairs I'm watching is AUDJPY, as a push above the recent highs at 78.25/38 is likely to be followed by a test of the June high of 80.45.

On a longer-term basis, though, I'll be looking to sell rallies in the JPY crosses as signficant risks remain for the financial markets, which can trigger quick returns to risk aversion.

Source:Terri Belkas, Currency Strategist strategist@dailyfx.com

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JPY Crosses Could See Strength in Near-Term, Looking for Opportunities to Sell

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