4 Dec 2013
Flash: Expect near term USD/JPY cap at 102.80 - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that the USD/JPY may await further cues intra-day with the ADP report, Beige Book, and non-manufacturing ISM on tap during the NY session.
Key Quotes
“During Asian hours, look also towards a speech by the BOJ’s Sato for further catalysts.”
“In the interim, any further hiccups in global risk appetite levels may see the pair consolidate lower to the 102.00 floor, while a near term cap is expected towards 102.80.”
Key Quotes
“During Asian hours, look also towards a speech by the BOJ’s Sato for further catalysts.”
“In the interim, any further hiccups in global risk appetite levels may see the pair consolidate lower to the 102.00 floor, while a near term cap is expected towards 102.80.”