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Forex pairs in this Article » USD/JPY (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank suspects that USD/JPY upside might be laboured ahead of next week’s FOMC.

Key Quotes

“The buoyancy of the USD/JPY remains largely unambiguous at this juncture although upside progress may also remain labored ahead of the FOMC next week.”

“Expect some consolidation to kick in on approach of 103.70 in the near term while supports are seen on any recapitulation towards 103.00 and then 102.60.”
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