USD/JPY range bound between 108.00-110.00 – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the pair meandering between 108.00 and 110.00 ahead of Friday’s Non farm Payrolls.

Key Quotes

“If risk aversion persists and caps UST yields, the USD-JPY may remain slightly heavy (additionally weighed by the JPY-crosses)”.

“In the near term, the pair may continue to bounce within a 108.00-110.00 range amid chatter of profit taking in USD longs ahead of the US NFP”.