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-Takehiko Nakao, vice finance minister for international affairs (based on The Globe and Mail)
Pair's Outlook
Pair was relatively stable today deviating in 40 pip range as 100 day SMA and weekly PP provided strong resistance and support for the pair. Pair's outlook remains neutral in short and medium term, but technical indicators give rather strong buy signal and pair is likely to advance above 99 Yen mark at least temporary.
Traders' Sentiment
Traders sentiment Continues to stay around 50% mark for both sides as pair remains rather stable. However, for the second day in a row, 80% of all pending orders are buy orders indicating that traders are waiting for pair to breach a specific level.
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