Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up 2020-12-22 12:00:00 Justin McQueen, Analyst
Japanese Yen Price Analysis & News
USD/JPY | Tight Range to Persist Into the New Year Advertisement
USD/JPY | Tight Range to Persist Into the New Year
A more subdued session for USD/JPY after yesterday’s rebound stalled around the high 103s. The path of least resistance remains lower for the pair, particularly as US 10yr yields remain capped at 1%. However, as it stands, USD/JPY looks to continuing trade within a relatively tight 102.80-104.00 range into the new year. Elsewhere, recent reports stating that Japanese PM Suga had reportedly told the Japanese Finance Minister to make sure USD/JPY does not cross 100.00 (around the time of the US election) does potentially set a limit as to how much lower could the pair go. On the technical front, topside resistance sits at 103.90-104.00 with