Flash: USD/JPY susceptible to risk appetite swings - OCBC

FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, USD/JPY sellers may find themselves in trouble as risk appetite picks up.

Key Quotes

"USD-JPY Our view remains essentially unaltered and the pair may remain susceptible to risk appetite swings in the near term ahead of the US labor market numbers on Fri."

"Note that a sustained break of the 101.20 area may release the pair towards the key Fibo retracement level of 101.00 and the recent low of 100.76."