USD/JPY: General mood remains dominant — Scotiabank

FXStreet — analysts at Scotiabank agree that the JPY is consolidating in a narrow Range.

Important Quotes:

«The General mood remains dominant, and we see only a limited impact of the Moody’s Downgrades on China.»

«Kuroda had no discernible impact on JPY, and up to the Friday CPI for April, there is no important publications.»

«The short-term risk is the release of the FOMC meeting minutes.»

** FXStreet News Editorial, FXStreet**

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