27 Jan 2015
USD/JPY trapped in the range – UOB
FXStreet (Barcelona) - Analysts at UOB Group share that only a break out of the 116.50 – 119.50 range would give the USD/JPY pair a more sustained direction.
Key Quotes
“There is not much to add as this pair continues to trade in a choppy manner. We turned neutral last
Tuesday (Spot: 118.22) and this pair has been trading between 117.15 and 118.87.”
“The price action suggests further choppy trading and only a break out of the expected 116.50/119.50 range would indicate the start of a more sustained mid-term move.”
Key Quotes
“There is not much to add as this pair continues to trade in a choppy manner. We turned neutral last
Tuesday (Spot: 118.22) and this pair has been trading between 117.15 and 118.87.”
“The price action suggests further choppy trading and only a break out of the expected 116.50/119.50 range would indicate the start of a more sustained mid-term move.”