Forex Flash: Tokyo return sees buying on dips for USD/JPY - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the Tokyo return has seen buying on dips in USD/JPY.

He adds that that Tokyo returns from a long weekend today and USD/JPY may continue to remain a buy dips proposition after the pair (note higher US yields) attempted to take a swipe at the 99.50 area overnight. He remains neutral on the pair in the interim and continue to look towards US-centric developments to drive the pair in the near term the 100.00 still as yet unchallenged.