FXStreet (Edinburgh) – FX Strategist at OCBC Bank Emmanuel Ng sees USD/JPY well supported around 121.70.
Key Quotes
“With Fed rhetoric overnight offering enough to sustain expectations of a December liftoff, the pair may continue to bounce on dips despite attempting to fill its NFP-induced gap”.
“Sub-122.00, look to the 100- day MA (121.74) to support while consolidation may kick in on approach of 123.00 pending further USD-inspired cues”.
(Market News Provided by FXstreet)