Flash: USD/JPY supported through market’s appetite for the USD – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that the market’s appetite for the USD in the current environment may continue to manifest itself more efficiently via the USD/JPY.

Key Quotes

“Any upside break of the 55-day MA (98.29) may work towards negating the pair’s recent heaviness with subsequent resistance seen towards 98.67.”