Flash: USD/JPY below 99.00 on Fed tapering uncertainty - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that USD/JPY eased itself below 99.00 on Monday and the pair may continue to reflect uncertainty towards prospects of a Fed taper in the interim.

Key Quotes

“Resistance levels are expected around 99.00/10 with supports seen around the 55-day MA (98.71) before 98.50.”

“For now, investors may attempt to fade any upticks pending further headline risks.”