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18 Nov 2015
USD/JPY gains remain capped around 123.60/124.00 – OCBC
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”.
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”.