Analysts at MUFG Bank, continue to have a bearish perspective on the USD/JPY pair. They see it trading next week in the range 105.00-108.00 Key Quotes “USD/JPY has been up slightly. However USD/JPY has been stuck in range so far in September, as USD has not continued its rally and JPY selling has not picked up. USD/JPY typically stabilizes ahead of the end of 1H. But JPY selling flows have been very strong, with overseas securities investing by Japanese investors at JPY210.0 billion and medium- to long-term debt buying at JPY1.49 trillion. JPY selling flows by Japanese investors appears to be supporting the lower bound for USD/JPY.” “Key points to watch will be US retail data as well as the Cabinet reshuffle in Japan. Yet these are unlikely to have a big impact on USD/JPY.” 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/CAD retreats to 1.3230 area on oil rally, hawkish BoC commentary FX Street 4 years Analysts at MUFG Bank, continue to have a bearish perspective on the USD/JPY pair. They see it trading next week in the range 105.00-108.00 Key Quotes "USD/JPY has been up slightly. However USD/JPY has been stuck in range so far in September, as USD has not continued its rally and JPY selling has not picked up. USD/JPY typically stabilizes ahead of the end of 1H. But JPY selling flows have been very strong, with overseas securities investing by Japanese investors at JPY210.0 billion and medium- to long-term debt buying at JPY1.49 trillion. JPY selling flows by Japanese investors appears to… 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.
