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USD/JPY to continue to trade in a range – AceTrader

FXStreet (Barcelona) - The AceTrader Research Team anticipates the USD/JPY pair to trade within the 117.36-118.12 range today as Japan’s market remains closed.

Key Quotes

“Although dlr opened higher at 117.95 (Reuters) at NZ open, renewed broad-based weakness in greenback knocked price down to 117.58 shortly after Asian open.”

“Looks like choppy trading inside near term established range of 117.36-118.12 (Fri's Asian low n European high respectively) would continue ahead of today's European open as most of the investors are sidelined in thin Asia session due to Japan's market holiday.”

“Bids are noted at 117.50-40 with mixture of bids n stops located at 117.15/10 and just below 117.00, whilst offers are placed at 117.80-90 and then 118.05/10 with stops placed just abv 118.20.”

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