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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    BOJ drives yen higher, German Ifo, Central Bankers’ speeches awaited

  2. Forex News

    BoJ still on the hook to expand stimulus, upside room for USD/JPY – RBS

  3. Forex News

    USD/JPY Technical Analysis: Rejected at Two-Month Highs

  4. Forex News

    USD/JPY dips to lows below 121 as BOJ keeps rates on hold

  5. Forex News

    USD/JPY teasing on psychological 121 handle ahead of BoJ

Trading Center