USD/JPY comes with upside risk - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the outlook for both sectors dipped lower, leaving the report as fairly mixed.

Key Quotes:

“USD/JPY short‐term technicals: bullish all studies continue to suggest there is upside risk however there are early signs of fading momentum particularly as the MACD shifts back towards neutral even as spot climbs higher”.

“We would not add to USD/JPY longs here."