Flash: USD/JPY may weaken intra-day pending the US NFP - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that despite dovish comments from the Fed’s Evans, a rebound in US Treasury yields pulled the USD/JPY slightly higher on Monday and the downside pull for the USD/JPY may weaken intra-day pending the US nonfarm numbers.

Key Quotes

“Intra-day, the 55-day MA (98.28) may prove pivotal and a breach above may see an attempt towards the 98.40/50 area.”