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2 Mar 2015
USD/JPY going t make a break for it? - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that they often argue that the dollar-yen is a range-bound currency.
Key Quotes:
"And when it looks like it is trending, it is moving from one range to another."
"It has been in narrowing range since December."
"Indeed, the January range was inside the December range, and the February range was inside the January range."
"The technical indicators that we use do not give us much hope of a near-term break of the JPY118-JPY120.50 trading range."
"On the medium-term, we continue to anticipate an eventual upside break."
Key Quotes:
"And when it looks like it is trending, it is moving from one range to another."
"It has been in narrowing range since December."
"Indeed, the January range was inside the December range, and the February range was inside the January range."
"The technical indicators that we use do not give us much hope of a near-term break of the JPY118-JPY120.50 trading range."
"On the medium-term, we continue to anticipate an eventual upside break."