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28 Jan 2015
USD/JPY technicals warn of downside risks – Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that USD/JPY continues to trade in the 117.18 – 118.87 range, with technicals suggesting a downside risk for the pair.
Key Quotes
“USDJPY continues trade comfortably within its six session 117.18 to 118.87 range, but appears to be taking a test towards the downside today.”
“Technicals warn of downside risk; however data was light today. Finance Minister Aso today suggested that the BoJ is responsible for monetary policy. Tomorrow’s retail sales followed by Friday’s inflation print will prove important updates for USDJPY traders.”
Key Quotes
“USDJPY continues trade comfortably within its six session 117.18 to 118.87 range, but appears to be taking a test towards the downside today.”
“Technicals warn of downside risk; however data was light today. Finance Minister Aso today suggested that the BoJ is responsible for monetary policy. Tomorrow’s retail sales followed by Friday’s inflation print will prove important updates for USDJPY traders.”