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Forex Flash: USD/JPY weakness may retrace – OCBC Bank

By FXstreet.com,  January 08, 2013, 06:45:00 AM EDT

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank has taken a look at USD/JPY´s prospects for the day ahead.

He writes, "Expectations for a retracement of recent JPY weakness may continue to circulate in the near term with the failure to hold above the 88.00 handle. At this juncture, the next visible support is expected towards at 87.00 and 86.00 with dovish implications from potential government and BOJ polices expected to lay a formidable support against strong dips in the USDJPY."




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

Referenced Stocks:



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