4 Feb 2014
Flash: USD/JPY to collapse further on EM woes - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that USD/JPY could see a further collapse on a deepening of EM negativity.
Key Quotes
“USD/JPY could continue to unwind on the back of risk aversion, any sustained break below 101.00may threaten a move to the 200-day MA (100.09).”
“However, a further collapse of the pair may have to be predicated on a deepening of EM negativity.”
Key Quotes
“USD/JPY could continue to unwind on the back of risk aversion, any sustained break below 101.00may threaten a move to the 200-day MA (100.09).”
“However, a further collapse of the pair may have to be predicated on a deepening of EM negativity.”