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Forex pairs in this Article » USD/JPY
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the strength of the Yen.

Key Quotes

"JPY is strong...trading to a fresh two-month high. Today’s shift came in tandem with a 2% drop in the Nikkei. Fundamentally, last week’s higher than expected inflation report takes some pressure off of the BoJ; however as the sales tax is implemented in the spring we would expect increased pressure on the BoJ."

"USD/JPY short term technicals: bearish all studies warn of further downside. We expect a near term test of the 100 day MA at 101.10."
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