USD/JPY outlook neutral - Scotiabank

FXStreet (Barcelona) - With USD/JPY still trapped in its broad 118.50-120.50 range, Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, maintains a technically neutral outlook on the pair, awaiting a break from this range.

Key Quotes

“JPY is quiet, consolidating within a narrow range as moderate risk aversion provides an offset to the broader USD performance. Domestic releases are limited this week, given current account and PPI releases and a speech from Gov. Kuroda.”

“USDJPY technicals remain neutral, and we await a break of the month-long range of 118.50 to 120.50”