11 Dec 2013
Flash: USD/JPY may consolidate ahead of FOMC - OCBC Bank
FXstreet.com (London) - Emmanuel Ng, FX Strategist at OCBC Bank suspects that USD/JPY may consolidate ahead of the FOMC meet.
Key Quotes:
“Expect the USD/JPY to continue to display buy-dips behavior in the near term within a 102.00-103.85 range ahead of next week’s FOMC.”
“Expect some consolidation to kick in on approach of 103.70 in the near term while supports are seen on any recapitulation towards 103.00 and then 102.60.”
Key Quotes:
“Expect the USD/JPY to continue to display buy-dips behavior in the near term within a 102.00-103.85 range ahead of next week’s FOMC.”
“Expect some consolidation to kick in on approach of 103.70 in the near term while supports are seen on any recapitulation towards 103.00 and then 102.60.”