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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.”

EUR/USD flat around 1.0680

The single currency is trading almost unchanged vs. the greenback on Thursday, taking EUR/USD to the area of 1.0680...
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GBP/USD might weaken to 1.4765 – FXStreet

According to Omkar Godbole, FXStreet Editor and Analyst, fresh signs of weakness can be seen in GBP/USD, and the pair might drop towards 1.4765 levels.
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