Flash: USD/JPY may remain bounded by the 200-day MA (96.84) – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that the USD/JPY may remain bounded by the 200-day MA (96.84) and the 55-day MA (98.28).

Key Quotes

“Although nascent USD support coupled with still sanguine risk appetite levels may prod the pair towards the 98.00 neighborhood.”