FXstreet.com (Barcelona) – Emmanuel Ng of OCBC Bank notes that USD/JPY may attempt to base build in the near term.
“Any resurgence of risk aversion may instead see the pair stall on upside ticks.”
“As noted previously, the pair may then remain anchored around its 55-day MA (98.33) and any break above this may encourage a test towards 98.80 in the near term.”
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