USD/JPY rebounds from three-session low

Author: Adam Button | Category: News

USD/JPY has found some traction after touching the lowest since Wednesday at the start of US trading.

The pair has climbed to 82.34 from 82.11.

There are offers at 82.45/50 and 82.64 was the session-high in early trading. The weekly CFTC positioning data showed another jump in yen shorts but USD/JPY is struggling to make gains ahead of Wednesday’s Fed meeting, which is being billed as QE4evr.

I don’t anticipate any lasting movement until the recent range breaks.