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2 Mar 2015
USD/JPY break above 120.00 to target 120.50 – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, expects USD/JPY to maintain its upside movement in the near-term, anticipating a break above 120.00 to lead to pair towards 120.20 and then 120.50.
Key Quotes
“Expect USD-JPY to remain responsive towards upside probes in the near term with the broad dollar looking increasingly in favour relative to the other majors.”
“With Japanese monetary policy still set on a well-defined path and investor sentiment at sanguine levels, expect the pair to effectively manifest any dollar resilience going ahead.”
“Any sustained breach of 120.00 may light the way towards 120.20 and then 120.50.”
Key Quotes
“Expect USD-JPY to remain responsive towards upside probes in the near term with the broad dollar looking increasingly in favour relative to the other majors.”
“With Japanese monetary policy still set on a well-defined path and investor sentiment at sanguine levels, expect the pair to effectively manifest any dollar resilience going ahead.”
“Any sustained breach of 120.00 may light the way towards 120.20 and then 120.50.”