USD/JPY needs a change of stance from BoJ - Scotiabank

By FXstreet.com | July 16, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that JPY is soft but still trading within its recent range.



Key Quotes



"USD/JPY has traded in a relatively tight 100.76 to 104.13 range for six months."



"The catalyst to shift the currency out of this range is likely to come from a change in stance at the BoJ (unlikely in the near‐term), a significant shift in the U.S. outlook or a spike in risk aversion”.



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