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.
For bank trade ideas, check out eFX Plus.
