Flash: USD/JPY, monthly close above 100.12 key bullish development – TDS

FXstreet.com (Barcelona) -A monthly close above 100.12 in USD/JPY would suggest further gains—to the 105/110 range—are on the cards in the medium term, notes Shaun Osborne, Chief FX Strategist at TDS. Shorter-term price action, according to Osborne, with “a bull breakout from the mid-year consolidation above 98.50 earlier this month) fit with the bullish outlook.”
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