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2 Aug 2013
Flash: USD/JPY pinned by dollar resilience - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank believes that USD/JPY is being pinned by dollar resilience.
Key Quotes
“As we had hazarded previously, USD resilience is manifesting efficiently via the USD/JPY with the pair reaching above 99.00 on Thursday.”
“With the pair lifting back above its 55-day MA (99.16), it may set its sights on the century mark once again pending the US labor market report.”
Key Quotes
“As we had hazarded previously, USD resilience is manifesting efficiently via the USD/JPY with the pair reaching above 99.00 on Thursday.”
“With the pair lifting back above its 55-day MA (99.16), it may set its sights on the century mark once again pending the US labor market report.”