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13 Nov 2014
JPY expected to remain tender- OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank sees JPY to remain tender in the interim because of the persistent chatter and sentiments surrounding the Snap election speculation in Japan.
Key Quotes
"Snap election chatter may persist and sentiment towards the JPY is expected to remain tender in the interim. The pair may continue to eye the 116.00 ceiling while the Chinese data flow may potentially and negatively impact investor sentiment, thereby underpinning the yen instead. The pair we think remains sensitive to broad dollar dynamics and is expected to remain buoyant on dips."
Key Quotes
"Snap election chatter may persist and sentiment towards the JPY is expected to remain tender in the interim. The pair may continue to eye the 116.00 ceiling while the Chinese data flow may potentially and negatively impact investor sentiment, thereby underpinning the yen instead. The pair we think remains sensitive to broad dollar dynamics and is expected to remain buoyant on dips."