- USD/JPY: Break below 114.80 to put 114.00 back in focus – OCBC
Market news
21 February 2022
USD/JPY: Break below 114.80 to put 114.00 back in focus – OCBC
USD/JPY continues to move sideways near 115.00. Economists at OCBC Bank expect the pair to target the 114.00 level on a break under the 114.80 support.
Headline driven
“Note that the implied valuations are climbing towards spot, a sign that the yield differentials are having a greater impact than risk dynamics.”
“Immediate support at 114.80, with a breach putting the 114.00/20 zone in sight.”
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