31 Jul 2013
Flash: USD/JPY to follow dollar for cues - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that in the near term USD/JPY may lean towards USD for cues.
Key Quotes
“In the near term, the ">USD/JPY may continue to look towards the USD for cues with the Japanese policy posture sealed securely by a dovish BOJ.”
“Tonight, if the FOMC fails to surprise on the hawkish end, the pair may loose its foothold at 98.00 with the next downside way points expected at 97.50/60 before 97.00.”
Key Quotes
“In the near term, the ">USD/JPY may continue to look towards the USD for cues with the Japanese policy posture sealed securely by a dovish BOJ.”
“Tonight, if the FOMC fails to surprise on the hawkish end, the pair may loose its foothold at 98.00 with the next downside way points expected at 97.50/60 before 97.00.”