USD/JPY could test 118.50 – OCBC

By FXStreet FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank, sees the possibility that USD/JPY could visit the mid-118.00s.

Key Quotes

“Although comments from the BOJ’s Kuroda on Monday roved sufficiently dovish (won’t hesitate to adjust policy if needed), risk aversion considerations in the immediate term”.

“In this environment, a sustained break below 120.00 may potentially sink the pair towards 118.60”.
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Source:: FX Street