OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY looking for a base near 108.20 – OCBC Bank

FXStreet (Edinburgh) - In the view of Emmanuel Ng, FX Strategist at OCBC Bank, USD/JPY could find a base in the 108.20 neighbourhood.

Key Quotes

“The pair may attempt to base build on any retracement towards 108.20”.

“While last Fri’s US NFP numbers outperformed, wage cost inflation remains under wraps and consequently has not heightened any acceleration in Fed rate hike expectations”.

DAX recovers after a gap down opening

The German equity index is slowly inching higher after a gap down open which saw the index hit a low of 9003.80.
Read more Previous

EUR/GBP posted 2-week high at 0.7879

EUR/GBP opened the day at 0.7870, retreated to 0.7858 session low at the European opening, before rebounding to current 0.7879 on weaker pound.
Read more Next
Start livechat