USD/JPY to move through 102 level? - BTMU

FXStreet (Guatemala) - FX Strategists at the Bank of Tokyo Mitsubishi UFJ noted that the USD/JPY was again range bound this week and volatility of the pair also hit its record low.

Key Quotes

"Though the US 10 year treasury yield hit an intra-day low of 2.5259 this week on poor US Q1 real GDP, the US two year T-bill rate stayed steady at the 0.5% level, which supported USD/JPY buying. In addition, USD risk reversal moved in favour of USD calls short term. In the forthcoming week, improvements in the ISM and NFP may also support USD/JPY buying over the 102-level"