Intraday USD / JPY is likely to trade in a range 111,50-112,50
Intraday USD / JPY is likely to experience difficulties when trying to increase, and during the Asian session will continue to trade in a range 111,50-112,50 said Ingosstrakh Iizuka of Sumitomo Mitsui Trust Bank. At the time of writing, the pair is trading at 111.86. Despite the lack of fresh trading guidelines, the pair is likely to experience pressure from investors adjusting positions, and sales of the Japanese corporate market participants at the end of the month.
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