USD/JPY risk appetites to take hold? - OCBC Bank

By FXstreet.com | August 18, 2014 AAA

FXStreet (Guatemala) - Emmanuel Ng, FX Strategist at OCBC Bank suggested that USD/JPY may continue to be a function of dollar dynamics and risk appetite developments this week.



Key Quotes



"Collapsing UST yields pulled the USD/JPY lower below 102.40 on Friday and the pair may continue to be a function of dollar dynamics and risk appetite developments this week. On the CFTC front, net leveraged JPY shorts (still at fairly stretched levels)were reduced in the latest week while we retain a neutral outlook at this juncture. Expect the102.00 neighborhood to support for now while the 200-day MA (102.39) and the 102.50 area may prove to be short term resistance levels."



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center