FXStreet (Guatemala) – Analysts at TD Securities explained that there is little change in the stable USD/JPY situation.

Key Quotes:


“…and little sign that the sideways range trade is poised to break any time soon. Range parameters are well-defined still—116/122 at the extremes—and while the USD is resting on daily trend support, we are far from certain that the USD has much scope to weaken at present.”


“Trend momentum studies are neutral across a range of shorterterm studies and spot is wrapped up fairly tightly in the daily cloud at the moment. Look for more range-trading for now; if the rally is to resume and put pressure major resistance at 121.95/00, we continue to think it will be a H2 2015 story.”