25 Mar 2015
USD/JPY may remain top-heavy – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, views that with US yields soggy, USD/JPY might remain capped at 120.00/20 in the interim.
Key Quotes
“The pair may remain top-heavy with US yields soggy and with 120.00/20 an interim cap while the 55-day MA (119.11) is expected to serve as a psychological support.”
“Markets are expected to remain in a holding pattern with the Fed’s Evans scheduled to make an appearance later in the global day.”
Key Quotes
“The pair may remain top-heavy with US yields soggy and with 120.00/20 an interim cap while the 55-day MA (119.11) is expected to serve as a psychological support.”
“Markets are expected to remain in a holding pattern with the Fed’s Evans scheduled to make an appearance later in the global day.”