12 Nov 2013
Flash: USD/JPY supported by dollar environment - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that the current dollar environment may provide near term support to USD/JPY.
Key Quotes
“USD/JPY (may remain) supported in the near term with the pair toying with the 99.50 area in morning trade on Tuesday although some consolidation may be expected into 99.60.”
“On the downside, an initial floor is expected on approach of 99.00”
Key Quotes
“USD/JPY (may remain) supported in the near term with the pair toying with the 99.50 area in morning trade on Tuesday although some consolidation may be expected into 99.60.”
“On the downside, an initial floor is expected on approach of 99.00”