Back
13 Mar 2014
Flash: USD/JPY may be bottled between 103.10 and 102.27 - OCBC
FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, "USD/JPY may increasingly be bottled in by the 55-day MA (103.11) and the 100-day MA (102.27) inthe coming sessions although if risk aversion remains contained, we would prefer to buy into dips. Needless to say, any further deterioration in global investor sentiment would negate this view."