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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

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    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”.
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