7 Aug 2013
Flash: USD/JPY weighed ahead of BoJ - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that USD/JPY may continue to look tactically heavy with markets continuing to mull tapering prospects from the Fed.
Key Quotes
“In the wake of the violation of the 98.00 floor, the subsequent support towards 96.84 may prove fragile before 96.20.”
“Overall, no surprises expected out of the BOJ’s WedThu meeting, the USD/JPY may well continue to smart from broad based dollar softness in the near term.”
Key Quotes
“In the wake of the violation of the 98.00 floor, the subsequent support towards 96.84 may prove fragile before 96.20.”
“Overall, no surprises expected out of the BOJ’s WedThu meeting, the USD/JPY may well continue to smart from broad based dollar softness in the near term.”