Analysts at MUFG Bank, expect the USD/JPY pair to trade with a neutral bias next week in the 105.00 – 107.50 range. Key Quotes: “USD/JPY is up slightly, but upside room is limited given JPY buying flows from repatriation of dividends and interest as well as US Treasury redemptions. The market liquidity surrounding the yen was not thick after the holiday week. This morning the MoF Japan data showed that Japanese have been active buyers of overseas bonds by JPY499.7 billion through the third week of August. The lower bound for USD/JPY will likely be firmly supported by Japanese yen selling flows.” “We think the direction of monetary policy is unlikely to be any clearer even after Jackson Hole. Many of the central bankers will likely discuss how to understand the present uncertainty under the political pressure and US-China trade conflicts. We expect USD/JPY to remain range bound.” 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 Breaking: Ethereum Classic Smashed though 7.500 resistance FX Street 4 years Analysts at MUFG Bank, expect the USD/JPY pair to trade with a neutral bias next week in the 105.00 - 107.50 range. Key Quotes: "USD/JPY is up slightly, but upside room is limited given JPY buying flows from repatriation of dividends and interest as well as US Treasury redemptions. The market liquidity surrounding the yen was not thick after the holiday week. This morning the MoF Japan data showed that Japanese have been active buyers of overseas bonds by JPY499.7 billion through the third week of August. The lower bound for USD/JPY will likely be firmly supported by Japanese yen… 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.
