According to analysts at BBH, the pair could attempt another visit of the 114.50/115.00 area.
Key Quotes
“The dollar continues to carve out a range against the Japanese yen”.
“Barring the post-FOMC overshoot that took the greenback briefly through JPY110.70, the JPY111.00 marks the bottom of the range”.
“On the top side, which has also been tested three times since mid-February, the JPY114.40-JPY115.00 provides the cap. The technical indicators suggest the dollar can re-test the ceiling”.
(Market News Provided by FXstreet)