USD/JPY aims for further downside – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could face further pullbacks in the very near term.

Key Quotes

“USD/JPY last week failed just below the 115.07, 38.2% retracement of the move down from the February peak and we are viewing this as an interim high – we look for further weakness this week”