6 Jan 2015
US data key to directionality for USD/JPY – OCBC
FXStreet (Barcelona) - According to the OCBC Bank Research Team, apart from risk appetite developments, the US non-manufacturing ISM and Markit PMIS may have a catalytic effect on the USD/JPY pair.
Key Quotes
“Apart from US yield developments and risk appetite developments, the non-manufacturing ISM (in addition to the Markit PMIs) may hold the key to directionality for the pair in the near term. Expect a test towards 118.70 if global sentiment continues to unravel in the near term.”
Key Quotes
“Apart from US yield developments and risk appetite developments, the non-manufacturing ISM (in addition to the Markit PMIs) may hold the key to directionality for the pair in the near term. Expect a test towards 118.70 if global sentiment continues to unravel in the near term.”