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USD/JPY rangebound at 122.00-124.00 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, still sees the pair consolidating in the 122.00-124.00 range.

    Key Quotes

    “Softer US yields from overnight may serve to keep the USDJPY top heavy while comments from the BOJ’s Iwata this morning did not belie any additional dovishness”.

    “We continue to expect base building (despite an option market feeling less than convinced in the short term) within a 122.00-124.00 range pending further USD cues”.
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