Initiate long USD/JPY - JPMorgan

FXStreet (Bali) - JP Morgan FX Strategy Team recommends to buy USD/JPY at 102.530, with stop at 100.550, not specifying target.

Key Quotes

"USD/JPY is screening too low on our fair value models and has relatively clean spec positions."

"We recommend neutralizing our current net USD shorts through this trade. Buy USD/JPY at 102.530. Stop at 100.55."