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3 Dec 2014
USD/JPY may eye 120 levels – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team notes that markets may continue to eye the key psychological barrier at 120 for the USD/JPY pair.
Key Quotes
“With USD-JPY at around new found year-to-date highs, markets may continue to eye the key psychological barrier at 120.00. This risk may not be insignificant if the US labor market numbers on Friday continues to breed expectations of a tighter Fed going ahead.”
Key Quotes
“With USD-JPY at around new found year-to-date highs, markets may continue to eye the key psychological barrier at 120.00. This risk may not be insignificant if the US labor market numbers on Friday continues to breed expectations of a tighter Fed going ahead.”