USD/JPY remains rangebound near term – OCBC

FXStreet (Edinburgh) - According to FX Strategist at OCBC Bank Emmanuel Ng, USD/JPY could remain in a consolidative pattern in the short-term.

Key Quotes

“Speculation towards further QQE by the BOJ this week may deter excessive downside for the pair despite the disappointing set of US NFP numbers”.

“The 119.00-121.00 range may continue to prevail in the interim with range bound behavior likely to persist pending further cues”.