25 Jun 2014
Yen trading in narrow ranges – Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes the conditions that the yen is trading within.
Key Quotes
"USD/JPY continues to trade in its narrow range between the 200‐day MA at 101.69 and 100‐day MA at 102.22. EUR/JPY is also trading in a limited range with the last five sessions, notably quiet, trading between 138.29 to 138.93. There was limited news flow."
Key Quotes
"USD/JPY continues to trade in its narrow range between the 200‐day MA at 101.69 and 100‐day MA at 102.22. EUR/JPY is also trading in a limited range with the last five sessions, notably quiet, trading between 138.29 to 138.93. There was limited news flow."