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10 Sep 2013
Flash: USD/JPY at interm 100.00 cap - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the overnight central bank event left USD/JPY unaffected.
Key Quotes
“BOJ MPC minutes released this morning did not cause any ripples and the pair may remain buoyed the JPY-crosses as positive risk appetite remains sanguine.”
“In the near term, we remain in a buy-dips stance for the pair with 100.00 an interim cap while the 55-day MA (98.83) is expected to provide support below the 99.00 threshold.”
Key Quotes
“BOJ MPC minutes released this morning did not cause any ripples and the pair may remain buoyed the JPY-crosses as positive risk appetite remains sanguine.”
“In the near term, we remain in a buy-dips stance for the pair with 100.00 an interim cap while the 55-day MA (98.83) is expected to provide support below the 99.00 threshold.”