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Yen lacks a trend - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Scotiabank explained how the Yen is lacking a trend.

    Key Quotes:

    "USD/JPY movement remains bound, trading within the month long range between 111 and 115.

    Momentum indicators are conflicted close to neutral, DMI’s are moderating and short-term MA’s highlight the absence of a trend."
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