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19 Sep 2014
USD/JPY creeping up towards 110.00
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees potential for the pair to test the psychological handle at 110.00.
Key Quotes
“USD-JPY popped above 109.00 in Asia on Friday as cited option-related stops were taken out and the pair may be expected to remain buoyant despite a wire poll indicating 75% of Japanese firms prefer a stronger yen”.
“Investors meanwhile are not expected to argue with the BOJ’s dovishness and with the 110.00 ceiling now on the horizon”.
Key Quotes
“USD-JPY popped above 109.00 in Asia on Friday as cited option-related stops were taken out and the pair may be expected to remain buoyant despite a wire poll indicating 75% of Japanese firms prefer a stronger yen”.
“Investors meanwhile are not expected to argue with the BOJ’s dovishness and with the 110.00 ceiling now on the horizon”.