30 Sep 2015
USD/JPY rangebound within 118.60-120.90 – OCBC
FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng expects USD/JPY to remain in a consolidative range between 118.60 and 120.90.
Key Quotes
“Look to the 3Q 15 Tankan late Wed/early Thursday with the surprise -0.5% mom contraction in Aug industrial production likely to keep the pair supported within a 118.60-120.90 range barring a further meltdown in risk appetite”.
“In the interim, any sustained departure from the 120.00 handle may require either risk appetite or USD-centric headlines”.
Key Quotes
“Look to the 3Q 15 Tankan late Wed/early Thursday with the surprise -0.5% mom contraction in Aug industrial production likely to keep the pair supported within a 118.60-120.90 range barring a further meltdown in risk appetite”.
“In the interim, any sustained departure from the 120.00 handle may require either risk appetite or USD-centric headlines”.