USD/JPY: 137.00 remains the key level to watch on the topside – OCBC

USD/JPY has been oscillating in a range. As analysts at OCBC Bank note, 137.00 remains the key level to watch on the topside.

135.00 is an important support level

“The weak global growth prospects should keep the pair heavy on rallies in the near term.”

“137.00 remains the key level to watch on the topside, while 135.00 is an important level ahead of US payroll report.”

See – NFP Preview: Forecasts from 10 major banks, labour market loses momentum