USD/JPY remains subdued
USD/JPY is trading in the negative territory around 101.50 after having closed below 102 on Thursday. Nikkei 225 stock index rose by 0.89% and closed at 14,612 in the Asian trade. Support for the pair is seen at 101.00, 100.80 and 100.00, while resistance – at 102.00, 102.60, 103.00 and 103.80.
Bank of Tokyo Mitsubishi: USD/JPY has a neutral bias and is set to trade between 100.00 and 103.50 for the week ahead. There is a risk of the risk-off theme running into next week as fears over a change in Fed policy persist
Sumitomo Mitsui Trust Bank: People are more cautious about a possible reduction in quantitative easing. Once tapering becomes more likely, the dollar will be bought.
Chart. H4 USD/JPY