FXWW News/JPY crosses

Yen crosses focusing on new topside targets

  • EUR/JPY gapped higher on Friday in extremely thin trading conditions and more gains towards 149.00 are certainly looking likely. Any dips now towards 143.00 should be seen as dip-buying opportunities;
  • GBP/JPY has also made another significant bullish break and dips back towards 171.00 are now to be seen as ‘cheap’. The next big long-term technical target isn’t until 184.00.

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