Flash: Yen a structural buy? - OCBC

FXstreet.com (London) - Emmanuel Ng, strategist at OCBC noted that the USD/JPY hurdled above 103.00 as the markets traded the Fed (note firmer UST yields) against the BOJ.

Key Quotes:

“In the near term, the pair may consolidate in a 102.30-104.30 range ahead of next week’s FOMC”.

“Beyond the short term, sustained dovishness from the BOJ’s Kuroda
continues to make the USD/JPY a structural buy”.