USD/JPY to move through 102 level? - BTMU

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - FX Strategists at the Bank of Tokyo Mitsubishi UFJ noted that the USD/JPY was again range bound this week and volatility of the pair also hit its record low.



Key Quotes



"Though the US 10 year treasury yield hit an intra-day low of 2.5259 this week on poor US Q1 real GDP, the US two year T-bill rate stayed steady at the 0.5% level, which supported USD/JPY buying. In addition, USD risk reversal moved in favour of USD calls short term. In the forthcoming week, improvements in the ISM and NFP may also support USD/JPY buying over the 102-level"



You May Also Like

Related Forex Analysis
  1. Forex News

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

  2. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  3. Forex News

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

  4. Forex News

    USD/JPY rises to 1-week highs

  5. Forex News

    USD/JPY: heading to 121.85? - Scotiabank

Trading Center