USD/JPY set to test the year high at 115.50 – OCBC

USD/JPY has moved above the 114.00 resistance, a level that kept the pair since late November. Economists at OCBC Bank expect the pair to extend its advance towards the year high of 115.50

Buoyant dollar

“Improvements in risk, coupled with Fed-led USD strength, is a good recipe for USD/JPY upside.” 

“Expect a grind towards the year-high near 115.50.”