Citi trade of the week: Buy USD/JPY

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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.

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