USD/JPY to continue to push towards 124 – OCBC

FXStreet (Barcelona) - According to Emmanuel Ng, the USD’s comeback suggests USD/JPY might continue to push higher towards 124.00 levels.

Key Quotes

“With dollar resilience gaining some traction overnight, the pair may continue to attempt to make up lost ground towards the 124.00 handle. Meanwhile, yield differential motivations also continue to argue for a supported tone in the USD-JPY.”