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9 May 2013
Forex Flash: USD/JPY looks set to loiter - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is expecting USD/JPY to continue to loiter on neutral in the near term, with US and Japanese news flow ebbing and markets distracted by other regions.
He adds that the 100 level continues to loom as the next significant psychological resistance while supports are expected on approach of 96.20. Looking to AUD/USD, he adds that the market remains on the lookout for another potential rate cut from the RBA ahead, and this may continue to keep AUD on a short leash pending further commodity and Chinese led developments.
He adds that the 100 level continues to loom as the next significant psychological resistance while supports are expected on approach of 96.20. Looking to AUD/USD, he adds that the market remains on the lookout for another potential rate cut from the RBA ahead, and this may continue to keep AUD on a short leash pending further commodity and Chinese led developments.