USDJPY: another tight range could be in store while waiting for US CPI

Jim Langlands FX Charts

Preferred Strategy: The dollar remains rangebound within 112.00/113.00, (112.12/112.51), and similar conditions appear set to continue until the US data release. As before, I think the dollar will eventually head higher, so buying dips is preferred although for the time being another tight range could be in store while waiting on today’s US CPI figure.

Economic data highlights will include:

Foreign Bond/Stocks Investment

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

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