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Yen offered but for how long? - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - We note the potential for a reversal of JPY’s haven-driven gains in response to a moderation in the Fed’s tone.

    Key Quotes:

    "JPY remains most vulnerable to sentiment in the current environment, and the risk-off driven build in long CFTC positioning suggests vulnerability to near-term decline."

    "USD/JPY short-term technicals: neutral-bullish—signals are slowly shifting. We focus on the January 4th open around 120.20."
    For more information, read our latest forex news.
     

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