3 Oct 2013
Flash: USD/JPY having now punctured the 98.00 level convincingly – OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that with the USD/JPY is under considerable downside pressure.
Key Quotes
“Having punctured the 98.00 level convincingly, the next support of consequence is only expected towards the 200-day MA (96.58).
“Structurally, the USD is expected to remain laden on the back of the fiscal impasse while any deterioration in global risk appetite levels may also weigh on the JPY-crosses.”
Key Quotes
“Having punctured the 98.00 level convincingly, the next support of consequence is only expected towards the 200-day MA (96.58).
“Structurally, the USD is expected to remain laden on the back of the fiscal impasse while any deterioration in global risk appetite levels may also weigh on the JPY-crosses.”