Short USD/JPY – Deutsche Bank

By FXStreet Research Team at Deutsche Bank, suggests to go short on the USD/JPY pair with the entry level being 113.20 for the target of 105 and maintaining a stop loss of 116.

Key Quotes

“With rate differentials pointing to a 105-110 range and further BoJ rate cuts restrained by the cost imposed on the banking system, go short USD/JPY to benefit from a renewed pick-up in risk aversion, particularly if the G20 doesn’t deliver the coordinated action the market hopes for this week. Positioning trends should be followed, not faded.”
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Source:: FX Street