USD/JPY flirting with 104 handle - Scotiabank

By FXstreet.com | Updated August 27, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the USD/JPY continues to flirt near 104 handle.



Key Quotes



"…Having broken above its multi-month range but failing to shift higher still. Rumours today swirled around how Japan would implement the second 5% consumption tax hike (currently planned for October 2015) and if PM Abe would move towards a more staggered increase."



"Helping to stabilize USD/JPY were comments from Japan post that there will be no drastic asset class shifts as the fund wants to continue its policy of steady asset management. There was no data released and equities were flat."



You May Also Like

Related Forex Analysis
  1. Investing

    USD/JPY: 2015 Forex Forecast

  2. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  3. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  4. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  5. Forex News

    USD/JPY rises to 1-week highs

Trading Center