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USD/JPY remains a buy on dips – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng has recommended buying the pair on occasional pullbacks.

Key Quotes

“Despite the start of the 2-day BOJ MPC, expect USD-JPY to remain supported on dips given the improved global risk appetite environment and with topside resistance expected into 120.75 before the 200-day MA (120.89)”.

“A buy dips stance intra-day is expected”.

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