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4 Feb 2015
Firming UST yields may support USD/JPY’s climb – OCBC
FXStreet (Barcelona) - According to OCBC Bank, firming UST yields might aid USD/JPY’s climb higher, expecting 117.00 to support the pair.
Key Quotes
“Improved risk appetite levels may serve to keep the USD-JPY on the level in the near term while any further firming of UST yields may also impart further lift to the pair.”
“Beyond 118.00, the 55-day MA (118.72) may be expected to cap while an initial floor is expected towards 117.00.”
Key Quotes
“Improved risk appetite levels may serve to keep the USD-JPY on the level in the near term while any further firming of UST yields may also impart further lift to the pair.”
“Beyond 118.00, the 55-day MA (118.72) may be expected to cap while an initial floor is expected towards 117.00.”