USDJPY27042020

USD spent another day going ‘nowhere’ as it traded within a tight range of 39 pips last Friday (between 107.36 and 107.75). Indicators are mostly ‘flat’ and USD could continue to consolidate for now. Expected range for today, 107.25/107.95.

USD has traded in a quiet manner and within narrow ranges. The underlying tone still appears to be on the positive side but overall, USD could continue to trade between 107.00 and 109.00 for now.

 

ARTICLES