FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes details around the USD/JPY price action and influencing conditions in the market place.



Key Quotes



"Downside bias—Expect weekly range to fall between 100.84 and 102.57 (the May 21st low to last week’s high)."



"USD/JPY is retracing yesterday’s risk aversion induced strength; trading in a narrow range. News flow was relatively light. Technicals are fairly mixed; all of which suggest that USD/JPY is likely range bound for now."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY remains a sell for 120.10 – Growth Aces

  2. Forex News

    USD/JPY falls into losses

  3. Forex News

    SEB: USD/JPY targeting 122.04 next – eFXnews

  4. Forex News

    USD/JPY supported at 120.60/80 – BBH

  5. Forex News

    USD/JPY sidelined near 121.60

Trading Center