Flash: USD/JPY remains supported above 98.00 – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that the USD/JPY has remained supported above 98.00 in the past few sessions with the US fiscal concerns not managing to infect broader global markets and with investors still hopeful for a eleventh-hour deal.

“The situation could still swing both ways in the near term and the pair may remain anchored near its 55-day MA (98.32) within a 98.00-99.00 band pending further cues.”