1 Dec 2014
USD/JPY to continue the upward push - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, expects the USD/JPY to continue the upward push towards 119 as the pair may see good support on dips.
Key Quotes
"USD-JPY is expected to continue to push the envelope on the upside given the current dollar environment with 119.00 still under threat. Although rate differential movements argue for a topping out of the pair in the near term, expectations surrounding the polarized stance of the Fed vs. the BOJ may continue to see good support on dips."
Key Quotes
"USD-JPY is expected to continue to push the envelope on the upside given the current dollar environment with 119.00 still under threat. Although rate differential movements argue for a topping out of the pair in the near term, expectations surrounding the polarized stance of the Fed vs. the BOJ may continue to see good support on dips."