Forex Flash: Kuroda comments most likely seen as Yen bearish - OCBC Bank

Emmanuel Ng of OCBC Bank note that markets are likely to continue to interpret the latest remarks from BoJ Kuroda as continually bearish for the Yen.

He adds that in the interim, USD/JPY may continue to find support on any dips towards towards the 98.85 area while contemplating a breach of the 100.00 level. Looking to AUD/USD, he writes, “The labor market numbers this morning proved disappointing relative to prior market expectations and the AUD/USD may waver in the short term. Nonetheless, expect a buy dips environment to eventually prevail with first support expected towards the 1.0500 area.”