USD/JPY looking heavy - OCBC

FXStreet (Guatemala) - Emmanuel Ng, FX Strategist at OCBC Bank noted the recent data from Japan and call a bearish tone for 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 11.640-118.00 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 US-centric cues for the USD/JPY"