FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank notes that the BOJ MPC minutes this morning showed that some board members are concerned about downside risks to output and inflation.
“The BOJ MPC minutes this morning showed some board members concerned about downside risks to output and inflation readings and this should continue to keep the JPY on the defensive.”
“In the near term, expect the USD/JPY to attempt to brush up against the next psychological ceiling at 102.00 and support is expected towards 101.00.”
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