USD/JPY looking for a base near 108.20 – OCBC Bank

FXStreet (Edinburgh) - In the view of Emmanuel Ng, FX Strategist at OCBC Bank, USD/JPY could find a base in the 108.20 neighbourhood.

Key Quotes

“The pair may attempt to base build on any retracement towards 108.20”.

“While last Fri’s US NFP numbers outperformed, wage cost inflation remains under wraps and consequently has not heightened any acceleration in Fed rate hike expectations”.