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13 Aug 2013
Flash: USD/JPY to probe higher post BoJ? - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that this morning’s BOJ MPC minutes retained a sufficient degree of caution with respect to the economic outlook and the USD/JPY may continue to probe higher ahead of the US numbers tonight.
Key Quotes
“Elsewhere, chatter about a corporate tax cut is also keeping the JPY under pressure against the dollar in morning trade.”
“The USD/JPY may be tempted to test expected supports at 96.00 and around the 95.70/80 vicinity if the 98.00 resistance is not taken out convincingly.”
Key Quotes
“Elsewhere, chatter about a corporate tax cut is also keeping the JPY under pressure against the dollar in morning trade.”
“The USD/JPY may be tempted to test expected supports at 96.00 and around the 95.70/80 vicinity if the 98.00 resistance is not taken out convincingly.”