Analysts at Scotiabank noted the bullish conditions surrounding USD/JPY. Key Quotes: “USD/JPY has advanced sharply following the USD’s break above 3-year trend resistance around 111.50.” “The JPY is under-performing broadly on the session today as risk sentiment improves.” “Risk-reversal pricing reflects a bid for USD calls (3m tenors) which suggests the market is a little more confident about the USD/JPY move up extending.” “We think technical risks point to USDJPY rising towards 114/115 in the medium term.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY holds at 6-month highs after Powell’s comments FX Street 5 years Analysts at Scotiabank noted the bullish conditions surrounding USD/JPY. Key Quotes: "USD/JPY has advanced sharply following the USD's break above 3-year trend resistance around 111.50." "The JPY is under-performing broadly on the session today as risk sentiment improves." "Risk-reversal pricing reflects a bid for USD calls (3m tenors) which suggests the market is a little more confident about the USD/JPY move up extending." "We think technical risks point to USDJPY rising towards 114/115 in the medium term." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
