Flash: USD/JPY flirting with 99.00 handle - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY has been flirting with the 99.00 handle overnight.

Key Quotes

“Amid firmer US yields and a slight improvement in risk appetite levels, the USD/JPY broke above 98.50 and is flirting with the 99.00 handle in early trade on Friday morning.”

“Going ahead, a clean break above the 98.80/00 area may open the path to 99.50 while support can be expected towards the 55-day MA (98.30).”