Flash: USD/JPY to stay heavy? – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that the BOJ kept its policy parameters on hold as expected on Friday with the central bank warning that a prolonged US fiscal crisis would destabilize financial markets.

Key Quotes

“In the interim, we continue to stay heavy on the USD/JPY and if 97.00 is violated, expect an attempt to gravitate towards the 200-day MA (96.69).”