[FX: Today’s Factors] Dollar-yen likely to lack direction amid a dearth of fresh catalysts (19th) (Jiji Press)

The story

In the Tokyo foreign exchange market on the 19th, USD/JPY was short of fresh catalysts, leaving market participants with little to go on as they sought to determine the pair’s direction. Market participants expect the lack of catalysts to limit short-term moves.

For today’s outlook, USD/JPY is likely to remain range-bound as long as the shortage of catalysts persists. The focus is expected to be on whether any significant new market drivers emerge.

At a glance

Date19th

MarketUSD/JPY in the Tokyo market is likely to lack a clear direction amid a shortage of fresh catalysts

Market catalystsFresh catalysts are reported to be scarce

OutlookThe pair is expected to remain directionless and potentially continue trading in a range

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