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2 Apr 2013
Forex Flash: USD/JPY may remain heavy ahead of BoJ - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that with risk appetite levels somewhat unsteady, USD/JPY may well remain heavy into the end of the two day BoJ meeting on Thursday.
Ng feels that much price movement is already priced in regarding potential additional monetary accommodation and despite BOJ Governor Kuroda continuing to spout the requisite dovish rhetoric. He writes, “Note that a violation of the 93.00 region risks a down move towards 91.70 multi-session.”
Ng feels that much price movement is already priced in regarding potential additional monetary accommodation and despite BOJ Governor Kuroda continuing to spout the requisite dovish rhetoric. He writes, “Note that a violation of the 93.00 region risks a down move towards 91.70 multi-session.”