FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the quiet conditions surrounding the USD/JPY.



Key Quotes:



"JPY is relatively quiet, still trading within its recent range as the market looks to tomorrow’s preliminary release of Q2 GDP, expected to contract a shocking 1.8%q/q and –7.0%q/q annualized as the impact of the consumption tax flow through the economy”.



“All in all, USD/JPY has traded in a relatively narrow range. Technicals are mixed highlighting the range trading nature of USD/JPY in the current environment."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GPIF fast approaching target? Still JPY negative - Nomura

  2. Forex News

    USD/JPY bulls back in control

  3. Forex News

    USD/JPY Technical Analysis: Attempting a Rebound Anew

  4. Forex News

    Japan's giant pension funds to invest more aggressively in domestic equities

  5. Forex News

    Video: Will the Market Move on NFPs with Liquidity, Greece Hanging Over It?

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!