Flash: USD/JPY ahead of FOMC - OCBC

FXstreet.com (London) - Emmanuel Ng, currency strategist at OCBC noted 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”.

Dec 16, 2013

EUR/CAD losing the bullish bias?

EUR/CAD has moved back to battle again at lower levels ahead of breaking the 1.4560 support earlier in the session. However, the pair has managed to find demand again, taking the pair back into the supporting zone on a spike on the half hour stick.

AUD/USD awaits FOMC

AUD/USD has pretty much squeezed out all of the long positions built up over the last couple of months to finish up the year, December-December, 12 big figures lower. However, there is one last set of impetus left to go and that is the FOMC this week while the pair currently trade sideways along the 0.89 handle.