Flash: Softening US yields continued to weigh on the USD/JPY - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that softening US yields continued to weigh on the USD/JPY on Tuesday and the pair may continue to manifest any further signs of dollar vulnerability.

Key Quotes

“This would also be despite the BOJ remaining steadfastly dovish. On a technical front, the USD/JPY has also once again failed to breach convincingly the 55-day MA (98.31) and any failure to hold at 98.00 risks a move towards 97.70.”