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26 Feb 2014
Flash: USD/JPY pressured by softer US yields - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that USD/JPY was pressured lower by softening US yields.
Key Quotes
"Softer US yields pressured the USD-JPY lower on Tuesday and if investors remain chary in the near term, expect the pair to keep its head under the 103.00 handle with the 100-day MA (101.78) expected to serve as a useful waypoint down south."
Key Quotes
"Softer US yields pressured the USD-JPY lower on Tuesday and if investors remain chary in the near term, expect the pair to keep its head under the 103.00 handle with the 100-day MA (101.78) expected to serve as a useful waypoint down south."