USD/JPY to continue to maintain above 118 levels – OCBC

FXStreet (Barcelona) - Emmanuel NG of OCBC Bank, believes that broad based dollar support will keep the USD/JPY pair above the 118 level.

Key Quotes

“This morning’s Japanese data flow is not expected to stand in the way of the dollar, with the better than expected Oct 14 industrial production figures stymied by moderating Nov 14 core CPI (+2.2% yoy). Expect USD-JPY to attempt to continue to maintain above 118.00 on broad based dollar support.”