Flash: Expect the USD/JPY to be inherently heavy – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that it is expected for the USD/JPY to be inherently heavy if the JPY crosses continue to be weighed by investor jitters in global markets.

Key Quotes

“The 55-day MA (98.30) and the 98.50 region may cap in the current environment while any breach below 98.00 may see the pair trip to 97.50.”