Back
18 Mar 2015
USD/JPY trapped in a narrow range ahead of FOMC – AceTrader
FXStreet (Barcelona) - The AceTrader Team gives the outlook for USD/JPY, with the pair trading lacklustre in the narrow 121.57-121.10 range, awaiting the FOMC policy statement.
Key Quotes
“The greenback spent another lackluster day inside a narrow range of 121.57-121.10 yesterday as investors were keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT) and Fed chief Janet Yellen's press conference 30 mins afterwards.”
“Dlr retreated from 121.52 to 121.11 before rebounding in NY session, climbed to 121.40 and then marginally higher to 121.41 in Australia this morning.”
“Dlr is expected to gyrate inside 121.10-121.50 ahead the European open. At the moment, bids are noted at 121.20-10 n then 121.00 with mixture of bids and stops emerging below 120.80.”
“On the upside, offers are placed at 121.50-60 and then 121.75/80 with stops located just above 121.00.”
Key Quotes
“The greenback spent another lackluster day inside a narrow range of 121.57-121.10 yesterday as investors were keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT) and Fed chief Janet Yellen's press conference 30 mins afterwards.”
“Dlr retreated from 121.52 to 121.11 before rebounding in NY session, climbed to 121.40 and then marginally higher to 121.41 in Australia this morning.”
“Dlr is expected to gyrate inside 121.10-121.50 ahead the European open. At the moment, bids are noted at 121.20-10 n then 121.00 with mixture of bids and stops emerging below 120.80.”
“On the upside, offers are placed at 121.50-60 and then 121.75/80 with stops located just above 121.00.”