Flash: USD/JPY may be capped at 103 - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that USD/JPY looks to be primarily driven by risk sentiment in the near term.

Key Quotes

“The pair eased despite firmer UST yields as positive risk appetite levels waned slightly on Wednesday and global investor sentiment may hold greater sway over the pair in the near term.”

“The 103.00 neighborhood may cap in the current environment while 102.00 should support pending further cues.”