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."

You May Also Like

Related Forex Analysis
  1. Forex News

    USD/JPY upside risks towards 120.84 – AceTrader

  2. Forex News

    USD/JPY continues to trade range bound

  3. Forex News

    USD/JPY resistance at 120.60 may continue to cap – OCBC

  4. Forex News

    USD/JPY: Momentum fails, 120.00 guard downside risk - FXStreet

  5. Forex News

    USD/JPY Technical Analysis: Eyeing Resistance Below 121.00

Trading Center