Citi likes USD/JPY longs
Analysts at CitiFX Research suggest buying USD/JPY this week,
Citi recommends buying USD/JPY around 109.30 targeting 111.50 with a stop at 107.85.
The good news for anyone thinking of blindly following Citi is that USD/JPY is well-below their entry price. It’s trading down 40 pips to 108.79 currently.