USD/JPY: Buy the dips under 107.50? - Citibank

Dhwani Mehta FXStreet

The Citigroup analysts make a case for buying the dips in the USD/JPY pair below 107.50 support area, as they believe the downside doesn’t look more compelling.

Key Quotes:

“The move lower under support area circa 107.50 last week has not prompted an acceleration lower.

Take back shorts.

USD/JPY tends to focus more on the 10-year yield movement.

But the shorter end of the curve can outperform.

2-year/10-year spread may continue to steepen.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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