FXStreet reports that economists at OCBC expect USD/JPY to enter a period of consolidation within a 113.80-114.80 range.
“Dips have been shallow and well-cushioned at 114.00. ”
“Retain view for consolidation between 113.80 and 114.80 in the upcoming sessions.”
“Upward extension in front and back-end UST yields is still the main driver for upside.”