HSBC modelling sees USD/JPY trading a 141 - 149 range (there's a but) ...Middle East

heightened U.S. policy uncertaintyresumption of pessimism toward the U.S. economyrenewed expectations of Fed easing soon

HSBC are tracking trade developments, noting market sensitivity "to headlines about U.S.-Japan trade talks, especially regarding FX discussions”

I stuck in lines around 141 and 149, just using eyeballing ... it looks like we don't have to worry about over and undershooting those levels for a while to come yet.

This article was written by Eamonn Sheridan at www.forexlive.com.

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