27 Jan 2015
USD/JPY focus remains at 118.60 – OCBC
FXStreet (Barcelona) - According to OCBC Bank, improving risk appetite freed USD/JPY's upside, with the focus now lying at 118.60 levels.
Key Quotes
“With the USD-JPY’s upside freed by the more buoyant JPY-crosses on Monday as risk appetite improved, the 55-day MA (118.60) may serve as a near term focal point pending the FOMC while 117.50 may cushion for now.”
Key Quotes
“With the USD-JPY’s upside freed by the more buoyant JPY-crosses on Monday as risk appetite improved, the 55-day MA (118.60) may serve as a near term focal point pending the FOMC while 117.50 may cushion for now.”