13 Feb 2015
USD/JPY set to range-trade into end of the week – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, gives the technical outlook for USD/JPY, further expecting the pair to range-trade in to the end of the week.
Key Quotes
“Near term dollar vulnerability may keep the USD-JPY suppressed with the 55-day MA (118.84) and another test of 120.00 we think would have to be predicated on further discretionary USD strength.”
“In sum, range trading may dominate into the end of the week.“
Key Quotes
“Near term dollar vulnerability may keep the USD-JPY suppressed with the 55-day MA (118.84) and another test of 120.00 we think would have to be predicated on further discretionary USD strength.”
“In sum, range trading may dominate into the end of the week.“