25 Feb 2015
USD/JPY to remain in the 118.00-120.00 range – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, sees yield differentials to keep driving USD/JPY, with the pair expected to remain in the 118.00-120.00 range.
Key Quotes
“With US yields on the defensive, the USD-JPY may continue to ride its 55-day MA (118.72) in the near term with the pair still expected to be trapped within a 118.00-120.00 range.”
“As noted previously, yield differentials may continue to override risk appetite considerations for the pair in the near term.”
“Expect Yellen to repeat the same message tonight before the House Financial Services Committee (1500 GMT).”
Key Quotes
“With US yields on the defensive, the USD-JPY may continue to ride its 55-day MA (118.72) in the near term with the pair still expected to be trapped within a 118.00-120.00 range.”
“As noted previously, yield differentials may continue to override risk appetite considerations for the pair in the near term.”
“Expect Yellen to repeat the same message tonight before the House Financial Services Committee (1500 GMT).”