18 Nov 2013
Flash: USD/JPY may hold above 100 on support JPY cross tone - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that a supported tone for JPY crosses may see USD/JPY attempting to hold above 100.00 (before a ceiling of 100.60).
Key Quotes
“On the CTFC front, we also note that net speculative JPY shorts also increased in the latest week.”
“On the downside, any break below 100.00 may find support at 99.80 before 99.50.”
Key Quotes
“On the CTFC front, we also note that net speculative JPY shorts also increased in the latest week.”
“On the downside, any break below 100.00 may find support at 99.80 before 99.50.”