USD/JPY upside capped due to Greece – OCBC

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that USD/JPY might remain pressured in the 122.45-124.90 range due to Greece headlines.

Key Quotes

“With little to chew on pending further headlines, USD-JPY may falter on fresh upticks in the interim within a 122.45-124.90 range. Any potential nervousness with respect to Greece may also be expected to manifest via the JPY-crosses, keeping USD-JPY capped.”