Trading USD/JPY – Range trade ahead of FOMC meeting

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“Ahead of the FOMC meeting, we’ll see range-trading in USD/JPY between 107-109.50”, says Wilson Leung, Director at Trendsetter FX, as he joins us in today’s finance show to discuss the technical outlook for USD/JPY, and the risk ahead for the dollar and the yen.

“The psychological 100 mark seems safe at present”, believes Leung as he speaks on the key central bank related risk ahead in both the dollar and the yen.

Leung highlights that despite Yellen’s overnight dovish comments, USD/JPY managed to move about the New York high. With Yen weakening across the board, USD/JPY looks likely to remain a range-trade into the FOMC meeting ahead.

Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment.

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