USD/JPY is trading in the red at 107.65 as declines -0.25% on a day at the press time. Terence Wu, an FX strategist at OCBC, expects the pair to remain within the 106.00-108.00 range and with the 55-DMA at 107.43 to hold the downside. Key quotes “Firmer back-end UST yields provide some support for the USD/JPY, but the pair found little traction north of 108.00 early this morning.” “For now, any extension towards the 200-day MA (108.40) should be rejected in favour of staying within the established 106.00 to 108.00 range.” “In the interim, the 55-day MA (107.43) should support on the downside.” 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 AUD/USD struggles for a firm direction, stuck in a range around 0.6900 mark FX Street 2 years USD/JPY is trading in the red at 107.65 as declines -0.25% on a day at the press time. Terence Wu, an FX strategist at OCBC, expects the pair to remain within the 106.00-108.00 range and with the 55-DMA at 107.43 to hold the downside. Key quotes “Firmer back-end UST yields provide some support for the USD/JPY, but the pair found little traction north of 108.00 early this morning.” “For now, any extension towards the 200-day MA (108.40) should be rejected in favour of staying within the established 106.00 to 108.00 range.” “In the interim, the 55-day MA (107.43) should support… 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.
