Flash: Risk appetite would bolster USD/JPY upside – OCBC Bank
FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank In the near term, yen weakness may continue to be fueled by positive risk appetite levels and a still dovish BOJ.
“On the CFTC front, net speculative JPY shorts increased significantly in the latest week and we continue to stay positive on upside prospects for the pair with the next key resistance seen at 102.00.”
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