20 Jun 2014
USD/JPY in 75 point range - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the JPY is vaguely weaker but trading within its narrow 75 point seven‐session range of 101.61 to 102.36.
Key Quotes:
"Governor Kuroda reiterated that the BoJ is monitoring risks closely but sees inflation reaching its 2% target around its stated projection period."
"Accordingly there was a limited market reaction. There was no data released and risk aversion has held relatively steady. Next week’s fundamental highlight will come late in the week with the release of national CPI."
Key Quotes:
"Governor Kuroda reiterated that the BoJ is monitoring risks closely but sees inflation reaching its 2% target around its stated projection period."
"Accordingly there was a limited market reaction. There was no data released and risk aversion has held relatively steady. Next week’s fundamental highlight will come late in the week with the release of national CPI."