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10 Apr 2015
USD/JPY might push higher to 121.00 – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes USD/JPY might attempt to base to push higher towards the 121.00 handle.
Key Quotes
“Given the prevailing dollar backdrop and improvement in risk appetite levels, the USD-JPY may attempt to base build for an attempt to push higher to the 121.00 vicinity.”
“Down side supports are expected at 120.00 before the 55-day MA (119.51).”
Key Quotes
“Given the prevailing dollar backdrop and improvement in risk appetite levels, the USD-JPY may attempt to base build for an attempt to push higher to the 121.00 vicinity.”
“Down side supports are expected at 120.00 before the 55-day MA (119.51).”