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Forex Flash: USD/JPY next objective at 87.50 - OCBC

By FXstreet.com,  January 02, 2013, 08:02:00 PM EDT

FXstreet.com (Barcelona) - Expectations of a dovish BOJ shoud keep the Yen under pressure across the board, says the strategy team at OCBC. The bank expects USD/JPY to find immediate layer of bids near 86.00, "especially with global risk appetite levels still looking positive" they note. The USD/JPY met OCBC 85.95 target and the bank sets now next objective at 87.50.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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