Flash: USD/JPY subject to wait and see approach – OCBC Bank

FXstreet.com (Athens) - Emmanuel Ng of OCBC Bank feels that USD/JPY is subject to a wait and see approach in the near term.

Key Quotes

“A wait-and-see environment may dominate in the near term with bullish Treasuries capping the upside for the pair within a 99.00-100.60 range. “

“As noted previously, US-centric news flow is expected to remain a significant driver for the pair.”