Trade indices Online
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

USD/JPY gains remain capped around 123.60/124.00 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - According to Emmanuel Ng, FX Strategist at OCBC Bank, the pair’s upside appears limited around the 123.60/124.00 area for the time being.

    Key Quotes

    “US October CPI readings came in as expected but these were enough to keep the USD-JPY supported on Tuesday”.

    “Look to the FOMC minutes later today (for any potential to shock the market’s calculus of dollar prospects) and the 123.60-124.00 region may continue to restrict on the upside in the interim”.
    For more information, read our latest forex news.
     

Share This Page

Trade indices Online