Pashabxl

USDJPY: Range trading continues

FX:USDJPY   U.S. Dollar/Japanese Yen
With FED's current policy and without any change in the interest rate from FED or BoJ, we are in a range trade where would buy at 101.2 and you sell around 103. Unless BoJ announces a change of policy and until FEd's increased its interest rate , we may be stuck in the range trade. However please bare in mind that when FEd will increase its interest rate , the equilibrium may very much change.
Keep in mind that BoJ is also about to announce for the end of the year its inflation target which is about 2% Therefore the timing of the announcement concerning interest rate increase of BoJ and FEd in very much important. This may put an end to range trade which now is an easy money game ;-)
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