Flash: USD/JPY led by market focus on Japanese monetary doves - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that softer US Treasury yields failed to dent the USD/JPY with the market more focused on the dovish underpinnings of the Japanese authorities.

Key Quotes

“Intra-day, the pair may continue to mull the psychological junction at 100.00 with supportive influences from a positive risk appetite environment.

“Expect first resistance at 100.60 while 99.80 may offer interim support before 99.50.”