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5 Mar 2014
Flash: Upside risks on USD/JPY - OCBC
FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, 102.80 may come into play for USD/JPY near term.
Key Quotes
"The recovery in investor sentiment may keep the pair supported in the near term but a strong extension may prove absent given little obvious US-centric dollar impetus at this juncture. Holding above the 102.00 area may see a near term test towards the 102.80 neighborhood with resistance expected at 103.00 and then at the 55-day MA (103.25)."
Key Quotes
"The recovery in investor sentiment may keep the pair supported in the near term but a strong extension may prove absent given little obvious US-centric dollar impetus at this juncture. Holding above the 102.00 area may see a near term test towards the 102.80 neighborhood with resistance expected at 103.00 and then at the 55-day MA (103.25)."