USD/JPY still points to consolidation – OCBC

FXStreet (Edinburgh) - The pair remains poised for further consolidation between 122.00 and 124.00 for the time being.

Key Quotes

“USD-JPY may continue to trawl a 122.00-124.00 range pending further USD cues with the BOJ arguably still perceived to be a relatively easy sell in terms of being still in bearish posture”.