Flash: Yen around 99.00 on positive risk appetite – OCBC

FXstreet.com (London) - Emmanuel Ng notes that the Yen was settled above 99.00 on positive risk apatite. The pair is still in this territory ahead of FOMC.

Key Quotes:

“USD-JPY settles above 99.00 amid positive risk appetite levels on Tuesday although we remain neutral on the pair into the event risks...”

“Downside support remains visible around the 55-day MA (98.86) in the event that 99.00 is tested, while the resistance levels at 100.00 and then at 100.60 remains intact on the upside”.