MARKET TALK: Confirmation Of USD/JPY Long-term Trend Change -BarCap

There has been a confirmation of a USD/JPY long-term trend change, says BarCap, with the monthly close above its 21-month moving average at 80.90. The bank would now view any dips to 79.90 and 79.50 as buying opportunities for a run on 82.25, and then the 84.50-85.50 area. USD/JPY now at 81.10.