USD/JPY technicals mixed - Scotiabank

By FXstreet.com | August 12, 2014 AAA

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."



comments powered by Disqus
Related Forex Analysis
  1. Asian recap: Aussie and Yen run the show, majors playing second fiddle
    Forex News

    Asian recap: Aussie and Yen run the show, majors playing second fiddle

  2. Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
    Forex News

    Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

  3. USD/JPY desperate to get back below 108.00 pivot
    Forex News

    USD/JPY desperate to get back below 108.00 pivot

  4. British Pound Could Close Out Week with a Bang on UK GDP
    Forex News

    British Pound Could Close Out Week with a Bang on UK GDP

  5. Video: EURUSD, USDJPY Breakouts Unlikely to Form Trends
    Forex News

    Video: EURUSD, USDJPY Breakouts Unlikely to Form Trends

Trading Center