Flash: USD/JPY may repel any dips towards the 55-day MA (98.43) - OCBC Bank

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank says with the dollar in ascendance in the near term, the USD/JPY may attempt to repel any dips towards the 55-day MA (98.43).

Key Quotes

“Meanwhile, with positive risk appetite mildly supportive of the JPY-crosses, the next USD/JPY resistance around 99.00 remains in sight despite the less than hawkish tone from Fed rhetoric yesterday.”