Flash: USD/JPY susceptible to Federal Reserve commentary - BTMU

FXstreet.com (Barcelona) - Bank of Tokyo Mitsubishi UFJ analysts feel that USD/JPY is neutral ahead, and see spot trading within a range between 97.00-99.50.

Key Quotes

“Many Federal Reserve presidents/governors are due to speak, and we will have more clarity of their policy stances. In the present transition period to Yellen, the Federal Reserve presidents/governors’ voices may reflect better the Federal Reserve's monetary policy direction.”

“The bottom of the range for USD/JPY in the week ahead is at the 97-level. Though the US economic improvement may support dollar buying, the upper ceiling may be kept to the 99-level.”