USD/JPY expected to remain top heavy – OCBC

FXStreet (Barcelona) - FX Strategist at OCBC Bank, Emmanuel Ng, comments that compressing yield differentials might keep the pair top heavy.

Key Quotes

“Compressing yield differentials may continue to keep the USD-JPY top heavy and as market participants continue to contemplate the timing of the Fed lift-off in light of recent US data points. Note that a sustained break below 119.00 potentially paves the way to 118.40.”