USD/JPY buy the dips – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank suggested that retracements in the pair could be buying opportunities.

Key Quotes

“Expect USD-JPY prospects to remain driven by UST yields although some consolidation towards 108.00 cannot be discounted if markets pause for breath”.

“Given the lack of market apprehension within global markets at this juncture, the JPY-crosses may also continue to underpin the pair”.

“As such, investors may continue to buy into dips in the interim”.