USD/JPY focused on the 120.00 handle – OCBC Bank

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng noted the relevance of the 120.00 mark in the pair.

Key Quotes

“Weak Japanese exports for September (+0.6% yoy) kept the USD-JPY aloft on Wednesday with US existing homes sales later today another likely source of volatility intra-day”.

“In the interim, expect a very mixed (to supported) tone to prevail with the pair waiting for fresh impetus to depart from the 120.00 neighborhood”.