USD/JPY keeps the consolidative mood unchanged for yet another session on Wednesday, always within the 103.70-104.80 range and against the backdrop of alternating risk appetite trends and the generalized bearish view on the dollar. Further rangebound is likely in the near-term, FXStreet’s Pablo Piovano briefs. Key quotes “The combination of the weaker greenback with the improvement in the risk complex – which in turn favours JPY selling, lend support to the near-term neutral stance of USD/JPY.” “In the meantime, the safe-haven JPY is expected to closely follow upcoming events from the ECB meeting and the EU Summit as potential sources for near-term bouts of volatility and/or risk aversion, as well as developments from the US political scenario and the Brexit negotiations.” “A surpass of the 104.80 area – which is reinforced by the 55-day SMA – could lead to a minor hurdle at the 100-day SMA, today at 105.23, ahead of the November’s peak at 105.67 (November 11). On the downside, a breach of the 103.70/65 band carries the potential to spark a visit to the November’s low near 103.15.” 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 Why the BOC could send CAD higher, despite downbeat data Yohay Elam 2 years USD/JPY keeps the consolidative mood unchanged for yet another session on Wednesday, always within the 103.70-104.80 range and against the backdrop of alternating risk appetite trends and the generalized bearish view on the dollar. Further rangebound is likely in the near-term, FXStreet’s Pablo Piovano briefs. Key quotes “The combination of the weaker greenback with the improvement in the risk complex – which in turn favours JPY selling, lend support to the near-term neutral stance of USD/JPY.” “In the meantime, the safe-haven JPY is expected to closely follow upcoming events from the ECB meeting and the EU Summit as potential sources… 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.
