KQMarkets

USDJPY - Neutral - Below Key Support

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has dropped below multi month support at 108.2 due to the coronavirus and we therefore have changed our view to neutral. We would want volatility to drop before taking a view as the YEN is a safe haven and the US is more likely to cut rates due to potential impact of the coronavirus on the US economy.

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