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Buy the dips in USD/JPY – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees USD/JPY well supported around 121.70.

    Key Quotes

    “With Fed rhetoric overnight offering enough to sustain expectations of a December liftoff, the pair may continue to bounce on dips despite attempting to fill its NFP-induced gap”.

    “Sub-122.00, look to the 100- day MA (121.74) to support while consolidation may kick in on approach of 123.00 pending further USD-inspired cues”.
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