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14 Aug 2013
Flash: USD/JPY upside levels - OCBC
FXstreet.com (Barcelona) - Emmanuel Ng, strategst at OCBC eye's important USD/JPY levels to the upside.
Key Quotes:
"USD-JPY With US yields firmer, the USD-JPY may attempt to scrap higher in the near term if US data releases continue to fuel tapering expectations".
"At this juncture, we think the USD-JPY would require a sustained breach above the 55-day MA (98.47) and 98.70/80 zones to establish a more enduring uptrend in the near".
Key Quotes:
"USD-JPY With US yields firmer, the USD-JPY may attempt to scrap higher in the near term if US data releases continue to fuel tapering expectations".
"At this juncture, we think the USD-JPY would require a sustained breach above the 55-day MA (98.47) and 98.70/80 zones to establish a more enduring uptrend in the near".