Flash: USD/JPY to consolidate ahead of FOMC – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, Strategist at OCBC Bank, comments the USD/JPY would most likely consolidate ahead of the FOMC meeting later today.

Key Quotes

“Soft US yields continued to weigh on the USD-JPY on Tuesday although the larger than expected Feb trade deficit reported early today may limit undue yen strength in the near term”.

“Expect some consolidation around the 101.00/20 ahead of the FOMC”.