USD/JPY contemplating a lift-off from 120.00 – OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, gives the outlook for USD/JPY, with the pair awaiting the US labor market numbers while contemplating a lift-off above 120.00.

Key Quotes

“USD-JPY may continue to contemplate a lift-off from the 120.00 launch pad pending the US labor market numbers tonight.”

“Immediate resistance is expected towards 120.50 before 120.80/85.”

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