2 Feb 2015
USD/JPY to remain top heavy - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, comments that soft UST yields might keep the USD/JPY pair top heavy in the near-term.
Key Quotes
"The Markit January manufacturing PMI for Japan improved slightly to 52.2 from 52.1 in December 14 while softer UST yields may also keep the pair top heavy in the near term within a 116.40-118.00 zone.”
“We stay heavy on the pair for now and apart from risk appetite driven influences, look towards the US NFP numbers this week for further UScentric cues for the USD-JPY"
Key Quotes
"The Markit January manufacturing PMI for Japan improved slightly to 52.2 from 52.1 in December 14 while softer UST yields may also keep the pair top heavy in the near term within a 116.40-118.00 zone.”
“We stay heavy on the pair for now and apart from risk appetite driven influences, look towards the US NFP numbers this week for further UScentric cues for the USD-JPY"