20 Mar 2015
USD/JPY to stay in the 120.00-121.00 range – AceTrader
FXStreet (Barcelona) - Absence of key US data would mean that USD/JPY might remain trapped in the 120.00-121.00 range, notes The AceTrader Team.
Key Quotes
“After the volatile sessions this week, the pair is expected to settle inside 120.00-121.00 level on Friday due to lack of key economic data from the U.S. and position adjustments ahead of the weekend may affect intra-day move.”
“Therefore, trading the dlr fm both sides of the market is recommended.”
“At the moment, bids are noted at 120.30-20 and more at 120.00 with mixture of bids and stops emerging just below latter level.”
“On the upside, offers are placed at 120.80/85, 121.00 and then 121.20-30 with stops located just above 121.50.”
Key Quotes
“After the volatile sessions this week, the pair is expected to settle inside 120.00-121.00 level on Friday due to lack of key economic data from the U.S. and position adjustments ahead of the weekend may affect intra-day move.”
“Therefore, trading the dlr fm both sides of the market is recommended.”
“At the moment, bids are noted at 120.30-20 and more at 120.00 with mixture of bids and stops emerging just below latter level.”
“On the upside, offers are placed at 120.80/85, 121.00 and then 121.20-30 with stops located just above 121.50.”