Flash: Bearish BoJ to keep USD/JPY supported? - OCBC Bank

FXstreet.com (Athens) - Emmanuel Ng of OCBC Bank feels that the central bank backdrop can support USD/JPY.

Key Quotes

“With the latest FOMC serving as a backdrop, a sufficiently bearish BOJ today is expected to keep the USD-JPY on a more supported plane.”

“Note that any ability to lift decisively off the 55-day MA (98.37) may see progress towards 98.50/70.”