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USD/JPY focused on the 120.00 handle – OCBC Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng noted the relevance of the 120.00 mark in the pair.

    Key Quotes

    “Weak Japanese exports for September (+0.6% yoy) kept the USD-JPY aloft on Wednesday with US existing homes sales later today another likely source of volatility intra-day”.

    “In the interim, expect a very mixed (to supported) tone to prevail with the pair waiting for fresh impetus to depart from the 120.00 neighborhood”.
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