24 Apr 2015
USD/JPY still trapped in a tight range – Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that USD/JPY continues to trade in a tight range on limited news flow.
Key Quotes
“JPY traded in a relatively tight range through the Asian and European sessions and continues to be locked into its four month 116.66 to 122.03 range. USDJPY often charts the broader FX course and the four‐month range is reflective of the shift from a strong USD outlook, where all the stars were aligned to a more balanced one. Japanese data was light with next week’s focus the BoJ meeting and inflation data.”
Key Quotes
“JPY traded in a relatively tight range through the Asian and European sessions and continues to be locked into its four month 116.66 to 122.03 range. USDJPY often charts the broader FX course and the four‐month range is reflective of the shift from a strong USD outlook, where all the stars were aligned to a more balanced one. Japanese data was light with next week’s focus the BoJ meeting and inflation data.”