Flash: USD/JPY still seen underperforming-OCBC Bank

FXstreet.com (Athens)- Emmanuel Ng of OCBC Bank, says that the USD/JPY may remain under the weather amid broad based uncertainty in the short term with investors now increasingly skittish towards the JPY-crosses.

Key Quotes

“Expect resistance for the USD/JPY around the 99.00/10 area and if the 55-day MA (98.69) is punctured, a drift towards 98.25 cannot be discounted.”