8 Apr 2014
USD/JPY suppressed by soggy US Treasury yields - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, remarks the softer tone from US Treasuries.
Key Quotes
"Soggy US Treasury yields kept the USD/JPY suppressed on Monday and if global equities continue to tank (dragging the USD/JPY as a result), we look to neutralize our previous idea to be long the pair.”
“In the immediate term, we look to the BOJ later today for further cues with the 55-day MA (102.46) the nearest support."
Key Quotes
"Soggy US Treasury yields kept the USD/JPY suppressed on Monday and if global equities continue to tank (dragging the USD/JPY as a result), we look to neutralize our previous idea to be long the pair.”
“In the immediate term, we look to the BOJ later today for further cues with the 55-day MA (102.46) the nearest support."