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Flash: USD/JPY looks bullish near term - OCBC Bank

FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank comments that notwithstanding softer US yields, we continue to ride on a bullish USD/JPY stance in the near term

Key Quotes

“We continue to ride on a bullish USD/JPY stance in the near term with the 102.00 resistance still being eyed by investors.”

“We think the pair may continue to be buoyed by dovish commentary from the BOJ, with the latest from the MPC minutes yesterday. In the interim, the pair may find a locus around 101.40 pending further cues.”
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