USD/JPY points to test stubborn resistance at 115.30 – OCBC

USD/JPY stands on slippery grounds. However, economists at OCBC Bank believe that the pair’s picture has brightened and spots a tough resistance at the 115.30 mark.

Turning positive
“Still range-bound between 114.00 to 115.00 for now, but the posture has turned more positive.”

“115.30 may be a firmer resistance for now.”