Clive Lambert of FuturesTechs explains why he is selling USDJPY.

He is looking to enter shorts on a break of 111.88 or a rally to 112.00 and work a stop above the overnight high of 112.30. His target for a day trade is 111.10. If a longer term trade into next week, a deeper target zone is at 109.55-65.

Lambert explains the background to a selected trade every Friday on Trading Floor.

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