25 Oct 2013
Flash: USD/JPY paves the way to 97.00 and then 96.55 - OCBC Bank
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that amid still suppressed US yields, the USD/JPY remained heavy on Thursday and we continue to pay attention to the 200-day MA (97.35).
Key Quotes
“Any sustained breach of this level may imply that the weak dollar narrative continues to gain traction and would pave the way to 97.00 and then 96.55.”
Key Quotes
“Any sustained breach of this level may imply that the weak dollar narrative continues to gain traction and would pave the way to 97.00 and then 96.55.”