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19 Mar 2014
Flash: USD/JPY to consolidate ahead of FOMC – OCBC Bank
FXStreet (Edinburgh) - Emmanuel Ng, Strategist at OCBC Bank, comments the USD/JPY would most likely consolidate ahead of the FOMC meeting later today.
Key Quotes
“Soft US yields continued to weigh on the USD-JPY on Tuesday although the larger than expected Feb trade deficit reported early today may limit undue yen strength in the near term”.
“Expect some consolidation around the 101.00/20 ahead of the FOMC”.
Key Quotes
“Soft US yields continued to weigh on the USD-JPY on Tuesday although the larger than expected Feb trade deficit reported early today may limit undue yen strength in the near term”.
“Expect some consolidation around the 101.00/20 ahead of the FOMC”.