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Forex pairs in this Article » USD/JPY (Edinburgh) -The area around 99.60 continues to cap any attempt of further upside in the USD/JPY. Emmnanuel Ng, Strategist at OCBC Bank, believes the USD/JPY would keep the range near-term.

Key Notes

“USD-JPY may remain in stasis in the near term, weighed by a heavy dollar but underpinned by supportive JPY-crosses”.

“The Fed’s George and Tarullo speak later in the global day and the pair may continue to loll around in a 98.00-100.00 pending further cues”.
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