Japanese Yen Confined to Miniscule Range
Prepared by Jamie Saettele, CMT
USDJPY trade remains incredibly quiet. 3 month volatility is at its lowest level since October 2007 so something has got to give soon. Guessing the direction of the break is futile but it is worth noting that speculative longs are at a level consistent with recent interventions.
Bottom Line - flat
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.