Japanese Yen Moves in Limited Area #USDJPY

Japanese Yen moves are limited . Drop in China's currency and stock market correction in the little support the yen . However , the Japanese currency was unable to climb , due to lack of catalysts .
According to Bloomberg , Wednesday ( 26/2 ) , at 18:00 pm , the yen gained 0.07 % over the USD becomes 92.148 . But , JPY weakened 0.12 % versus the EUR becomes 140.69 , after advancing in morning trade . JPY also fell 0.14 % versus the USD to 102.38 .
" Market participants are worried the Chinese economy slows down , thus avoiding risky assets and shift the dollar and the yen , " said Robert Sinche , global strategist at Pierpont Securities LLC in Stamford Holdings , as quoted by Bloomberg .
Tony Mariano , an analyst at PT Harvest International Futures judge , limited the euro strengthened versus the yen as German consumer climate data released positive . Even so , the pair EUR / JPY was not able to lift a lot .
" On the other hand , there are no data supporting the yen the Japanese economy , the yen's strength does not last so long , " he said .
Analyst PT SoeGee Futures , Nana Wahyudin see , USD / JPY is in a narrow reinforcement . After a deteriorating U.S. economic data , current market awaits Fed chairman 's testimony , Janet Yellen about the current picture of the U.S. economy .
" The possibility of USD / JPY is still sideways . Because market players are also waiting for the Japanese industrial production data which predicted a positive , " said Nana.
Futures analyst PT Monex Investindo , Daru Wibisono said , the pair AUD / JPY is still strong . Therefore , the Bank of Japan will continue easing stimulus , thus potentially weaken the Yen.

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