Flash: USD/JPY, where next? - OCBC

FXstreet.com (London) - Emmanual Ng, strategist at OCBC sights the USD/JPY pair is looking heavy.

Key Quotes:

“…with the pair now having punctured the 98.00 level convincingly, the next support of consequence is only expected towards the 200-day MA (96.58)”.

“ Structurally, the USD is expected to remain laden on the back of the fiscal impasse while any deterioration in global risk appetite levels may also weigh on the JPY-crosses.