USD/JPY potential bullish triggers ahead - BTMU

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - FX Strategists at the Bank of Tokyo Mitsubishi UFJ notes the conditions surrounding the USD/JPY in a less bearish environment.



Key Quotes



"The recent volatility of USD/JPY remains very low. Some geopolitical factors and lower US yields supported JPY buying."



"However, Japanese importers and investors JPY selling pressure was also steady. The USD/JPY trading range is getting narrower."



"USD/JPY volatility is likely to remain dampened until the Fed clearly signals a shift to tighter monetary policy. Looking ahead, the upcoming FOMC meeting, Q2 2014 GDP and non-farm payroll report are key triggers for dollar buying. A pick up in wage growth and higher US T-bill yields may support USD/JPY buying near the 102-level."



Related Forex Analysis
  1. JPY: Much of the easing priced for now – ANZ
    Forex News

    JPY: Much of the easing priced for now – ANZ

  2. Video: Event Risk Can Set Off Volatility, but Carry Trends?
    Forex News

    Video: Event Risk Can Set Off Volatility, but Carry Trends?

  3. USD/JPY Technical Analysis: Channel Floor Under Pressure
    Forex News

    USD/JPY Technical Analysis: Channel Floor Under Pressure

  4. USD/JPY headed towards 121.00 - RBS
    Forex News

    USD/JPY headed towards 121.00 - RBS

  5. USD/JPY testing the downside on Tokyo open
    Forex News

    USD/JPY testing the downside on Tokyo open

Trading Center