3 Sep 2013
Flash: USD/JPY avenue for strong dollar - OCBC
FXstreet.com (London) - OCBC' Emmanuel Ng, FX Strategist, suggested the USD/JPY may remain the cleanest avenue for a stronger dollar.
Key Quotes:
"The USD-JPY may remain the cleanest avenue for a stronger dollar given the somewhat benign risk environment (for now), the threat of a Fed taper, and the fact that monetary policy is seen remaining ultra accommodative, especially in view of the plan to hike the national sales tax in 2014".
"Multi-session, the pair may set its sights on the 100.00 ceiling once again".
Key Quotes:
"The USD-JPY may remain the cleanest avenue for a stronger dollar given the somewhat benign risk environment (for now), the threat of a Fed taper, and the fact that monetary policy is seen remaining ultra accommodative, especially in view of the plan to hike the national sales tax in 2014".
"Multi-session, the pair may set its sights on the 100.00 ceiling once again".