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20 Mar 2014
USD/JPY to remain sensitive to US Yields - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank believes that USD/JPY will continue to be sensitive to US yield mpvements.
Key Quotes
"Expect USD/JPY to continue to be sensitive to US yield movements, with the pair spiking past 102.00 overnight.”
“Upside resistance is expected at the 100-day MA (102.45) and then at the 55-day MA (102.80). At his juncture, any further dovish pronouncements from Japanese officials may continue to buoy the pair."
Key Quotes
"Expect USD/JPY to continue to be sensitive to US yield movements, with the pair spiking past 102.00 overnight.”
“Upside resistance is expected at the 100-day MA (102.45) and then at the 55-day MA (102.80). At his juncture, any further dovish pronouncements from Japanese officials may continue to buoy the pair."