26 Mar 2014
USD/JPY may se dips rejected - OCBC Bank
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank believes that USD/JPY may continue to see downside dips repelled.
Key Quotes
"USD/JPY may continue to be repelled on downside dips if investor sentiment remains on a positive note and the background Fed-dollar dynamic.”
“Expect 102.00 to support in the short term while the confluence of the 55-day (102.63) and 100-day MA (102.60) may present a near term resistance zone."
Key Quotes
"USD/JPY may continue to be repelled on downside dips if investor sentiment remains on a positive note and the background Fed-dollar dynamic.”
“Expect 102.00 to support in the short term while the confluence of the 55-day (102.63) and 100-day MA (102.60) may present a near term resistance zone."