24 Jun 2014
USD/JPY stuck in a range - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the sticky conditions surrounding the USD/JPY.
Key Quotes
"USD/JPY is trading in a contained and narrow range between its 100 and 200‐day moving averages (102.22 and 101.67, respectively—see chart). PM Abe confirmation of the draft third arrow, focused on corporate taxes, employment, agriculture and health care did not provide any surprises and accordingly was met by a quiet market."
Key Quotes
"USD/JPY is trading in a contained and narrow range between its 100 and 200‐day moving averages (102.22 and 101.67, respectively—see chart). PM Abe confirmation of the draft third arrow, focused on corporate taxes, employment, agriculture and health care did not provide any surprises and accordingly was met by a quiet market."