Flash: USD/JPY downcast on Syrian concerns - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that USD/JPY is expected to remain downcast on geopolitical concerns (VIX is higher) and after the technical rejection of the 98.30 area on the upside.

Key Quotes

“US data releases in recent sessions have also not inspired renewed dollar bullishness and the pair may now cast its eye on the 97.00 floor before 96.60.”