USD/JPY technical are mixed; expect more ranging - Scotiabank

By FXstreet.com | Updated July 30, 2014 AAA

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."



Related Forex Analysis
  1. Yen has been oversold for ages – SG
    Forex News

    Yen has been oversold for ages – SG

  2. USD/JPY capped by 118.00
    Forex News

    USD/JPY capped by 118.00

  3. USD/JPY Forex Signal November 24 2014
    Investing

    USD/JPY Forex Signal November 24 2014

  4. USD/JPY upward momentum waning – UOB
    Forex News

    USD/JPY upward momentum waning – UOB

  5. US data will dictate the mood for USD/JPY – OCBC
    Forex News

    US data will dictate the mood for USD/JPY – OCBC

Trading Center