Flash: USD/JPY, range of 103.00-105.40 as reference - OCBC

FXstreet.com (Bali) - In view of Emmanuel Ng, FX Strategist at OCBC Bank, the range 103.00-105.40 in USD/JPY should cover any eventualities near term.

Key Quotes

"The BOJ policy meeting outcome yielded little surprises on Wednesday with little indications from the central bank that additional easing was imminent. Nonetheless, firmer Treasury yields prompted the USD-JPY to end firmer on the day with early bids urging the pair higher past 104.50 on Thu morning. Going ahead, the USD-JPY may continue to bounce around in recent range of 103.00-105.40."