Flash: USD/JPY a temporary bid? – OCNBC

FXstreet.com (London) - USD/JPY had climbed back above the 97.00 ahead of the 200 DMA that markets are using as a panicle level.

Key Quotes:

“Dollar vulnerability is also expected to continue to manifest itself through the USD-JPY with the pair now having sunk below 97.00 on Monday”.

“If the 200-day MA (96.73) caves, expect the pair to gravitate towards 96.00 and then 95.80”.