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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    BoJ expected stick - BAML

  2. Forex News

    USD/JPY rises to tough resistance on 124 handle

  3. Forex News

    USD/JPY boosted by Fed’s Lockhart comments on rates

  4. Forex News

    USD/JPY: still buy the dips – Westpac

  5. Forex News

    USD/JPY hovers around 124.00 ahead of US data

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!