16 Jan 2014
Flash: Bearish on USD/JPY – OCBC
FXstreet.com (Guatemala) - Emmanuel Ng, strategists at OCBC offers an insight into USD/JPY.
Key Quotes:
“The latest November current account deficit print may embolden some JPY bears but given the outstanding stretched positioning and potential for further unwinding of global risk appetite levels, we continue to expect potential for further downside probes. If 103.00 is breached, look for the next support at the 55-day MA (102.22)”.
Key Quotes:
“The latest November current account deficit print may embolden some JPY bears but given the outstanding stretched positioning and potential for further unwinding of global risk appetite levels, we continue to expect potential for further downside probes. If 103.00 is breached, look for the next support at the 55-day MA (102.22)”.