USD/JPY to trade flat ahead of US NFP - OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, views USD/JPY to stay in the 116.20-118.69 range in the interim, ahead of US labor market data release.

Key Quotes

“Apart from some mild support on the back of an incremental improvement in risk appetite, USD-JPY may continue to flat line ahead of the US labor market numbers given the recent dearth of strong US-centric influences and US-JP rate differentials relatively mixed of late.”

“In the interim, 116.20 is expected to support while the 55-day MA (118.69) may limit on initial upticks.”