Flash: USD/JPY is still near the vicinity of the 200-day MA (97.39) – OCBC Bank

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank note that the FOMC this week may determine near term prospects for the USD/JPY with the 200-day MA (97.39) still under threat.

Key Quotes

“On the upside, the resistance at 98.00 may continue to be unchallenged if the USD continues to remain vulnerable ahead of the Fed.”