FXStreet (Edinburgh) – Strategists at TD Securities expect spot to consolidate within the recent range in the near term.
Key Quotes
“Positioning is closer to neutral and we expect JPY’s resilience to continue especially with a positive BoP profile”.
“We are skeptical of the prevailing market bias for additional BoJ easing”.
“As such, USDJPY likely to remain rangebound/biased to downside until the Fed begins its normalization process early next year”.
(Market News Provided by FXstreet)