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17 Sep 2015
USD/JPY resistance remains around 120.80 – OCBC
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the upside in USD/JPY facing strong resistance in the 120.80 area so far.
Key Quotes
“A better looking risk appetite landscape may keep the pair supported via the JPY-crosses in spite of the dollar’s near term vulnerability”.
“Immediate resistance continues to rest at the 200-day MA (120.84) before 121.00 while supports are seen on approach of 120.00 ahead of 119.80”.
Key Quotes
“A better looking risk appetite landscape may keep the pair supported via the JPY-crosses in spite of the dollar’s near term vulnerability”.
“Immediate resistance continues to rest at the 200-day MA (120.84) before 121.00 while supports are seen on approach of 120.00 ahead of 119.80”.