Home News New 110-115 range for USD/JPY targetted – ForexLive

New 110-115 range for USD/JPY targetted – ForexLive

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Mizuho in Tokyo comments on the yen (via Bloomberg) 

Trading range for USD/JPY seems to be gradually shifting upward

  • to 110-115
  • from 105-110

Easing uncertainty on the U.S.-China trade war and also on Brexit are two major risks dialling back.

Later in the year though gains may be topped out

  • U.S. presidential election wariness
  • cyclical expansion improves

In the nearer term, wariness over US stocks retracing – analysts at Mizuho note that Feb 2018 saw this after re ord highs hit in January.

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