USD/JPY focus remains to the topside – OCBC

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that USD/JPY focus remains to the upside after having broken above the key 121.00 levels.

Key Quotes

“Post-FOMC minutes and after breaching 121.00, expect the pair to remain oriented northwards on the back of a supported broad dollar with a consolidation zone expected on dips towards 120.90”

May 21, 2015

AUD/USD: immediate pressure remains on the downside – UOB

Analysts at UOB Group, maintain a neutral outlook on AUD/USD, but note that the risk remains to the downside for the pair while it trades below 0.7970.

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May 21, 2015

Antipodeans rebound in Asia, UK retail sales, EZ PMIs – Key Events

The entire antipodean complex maintained a bid tone in Asia, rebounding from a long run of losses. The Aussie tracked gains from the New Zealand dollar after the NZ annual budget was viewed as optimistic by the markets. While the US dollar extended its post-FOMC minutes losses against the Japanese currency, although clinged to 121 handle.

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