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25 Feb 2014
Flash: USD/JPY led by dollar vulnerability - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels USD/JPY could be capped by USD vulnerability.
Key Quotes
“Prevailing dollar vulnerability may continue to put a lid on the USD/JPY in the near term although better looking risk appetite levels may prove increasingly supportive for the associated JPY-crosses.”
“In the interim, the 103.00 area may cap with support expected towards 102.00 and then at the 100-day MA (101.73).”
Key Quotes
“Prevailing dollar vulnerability may continue to put a lid on the USD/JPY in the near term although better looking risk appetite levels may prove increasingly supportive for the associated JPY-crosses.”
“In the interim, the 103.00 area may cap with support expected towards 102.00 and then at the 100-day MA (101.73).”