Flash: USD/JPY to smart from dollar weakness - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is expecting no surprises expected out of the BOJ’s Wed-Thu meeting.

Key Quotes

“The USD/JPY may well continue to smart from broad based dollar softness in the near term.”

“The pair is currently contemplating the 98.00 floor with the next support expected at 97.60 before 97.00.”

“In the interim, 99.00 should cap barring further USD positive rhetoric from the Fed.”