FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank feels that UST yields and Central Bank commentary may weigh on JPY sentiment today.
“Slightly firmer US Treasury yields lifted the USD-JPY yet higher amid a positive risk appetite environment and continued dovish comments from the BOJ’s Shirai this morning may keep the JPY broadly under water.”
“In the interim, USD/JPY may continue to mull the 102.00 threshold with the US Thanksgiving holiday today also likely to keep market convictions low. Any consolidation meanwhile may find support towards 101.77. “
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