Currency investors should consider selling USD/JPY* this week, advises CitiFX Research in its weekly FX pick.
Citi recommends selling USD/JPY around 110.45 targeting 108.15 with a stop at 111.70.
*Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets.
USD/JPY is trading circa 110.63 as of writing.
Source: Citi Research
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