OctaFX | OctaFX Forex Broker
Open trading account

JPY expected to remain tender- OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank sees JPY to remain tender in the interim because of the persistent chatter and sentiments surrounding the Snap election speculation in Japan.

Key Quotes

"Snap election chatter may persist and sentiment towards the JPY is expected to remain tender in the interim. The pair may continue to eye the 116.00 ceiling while the Chinese data flow may potentially and negatively impact investor sentiment, thereby underpinning the yen instead. The pair we think remains sensitive to broad dollar dynamics and is expected to remain buoyant on dips."

RBA still cautiously optimistic – ANZ

The speech of Chris Kent, Assistant Governor (Economic) at the RBA, revolved around the business cycle in Australia but he did lay out the Bank’s thinking on the road-map to recovery, says Felicity Emmett, Senior Economist at ANZ.
Read more Previous

USD/JPY 116 cannot be ruled out - UOB

The Research Team at UOB view the USD/JPY reaching 116 in mid-term backed by a strong dollar.
Read more Next
Start livechat