USD/JPY to stay put in its range - OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, expects the current risk appetite to keep USD/JPY within its 116.25-118.00 range.

Key Quotes

"The deterioration in the risk appetite landscape should keep the JPY-crosses and the USD-JPY laden and we look to fade any upticks in the current environment."

"Expect the 116.25 neighborhood to cushion with 118.00 still serving as a ceiling."