27 Nov 2015
USD/JPY rangebound between 122.00-124.00 – OCBC
FXStreet (Edinburgh) - According to FX Strategist at OCBC Bank Emmanuel Ng, the pair could remain in a consolidative range between 122.00 and 124.00.
Key Quotes
“Our near term view remains unchanged and the USD-JPY may continue to trawl a 122.00-124.00 range pending further USD cues with the BOJ arguably still perceived to be an relatively easy sell in terms of being still in bearish posture”.
“Notably, core inflation for October also came in a tick below expectations at 0.7% yoy”.
Key Quotes
“Our near term view remains unchanged and the USD-JPY may continue to trawl a 122.00-124.00 range pending further USD cues with the BOJ arguably still perceived to be an relatively easy sell in terms of being still in bearish posture”.
“Notably, core inflation for October also came in a tick below expectations at 0.7% yoy”.