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USD/JPY 117.00/30 support is strong - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that any retracements will find support at the 117.00/30 level.

Key Quotes

"Easier UST yields on Tuesday continued to facilitate the capitulation of the USD-JPY on Tuesday although we note that this has also been very measured. Our core view of the polarized postures of the Fed and the BOJ remains and we reiterate that any initial retracements in the USD-JPY may be expected to find support towards 117.00/30.”

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