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7 Jan 2015
USD/JPY might move towards 117.01 levels – OCBC
FXStreet (Barcelona) - The Research Team at OCBC Bank, anticipate risk appetite developments to lead USD/JPY towards 117.01 levels if the pair breaks below the 118 handle.
Key Quotes
“Expect the JPY to remain in the grip of risk aversion in the near term and the 55-day MA 117.01 to beckon if 118.00 is violated. In the near term, expect inherent dollar bullishness to be suspended for the pair in favor of risk appetite developments.“
Key Quotes
“Expect the JPY to remain in the grip of risk aversion in the near term and the 55-day MA 117.01 to beckon if 118.00 is violated. In the near term, expect inherent dollar bullishness to be suspended for the pair in favor of risk appetite developments.“