Flash: USD/JPY mulls 102.00 threshold– OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that UST yields and Central Bank commentary may weigh on JPY sentiment today.

Key Quotes

“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. “