USD/JPY to move lower – OCBC

FXStreet (Barcelona) - According to Emmanuel Ng of OCBC Bank, USD/JPY might move lower towards 118.00 levels.

Key Quotes

“With the dollar losing conviction on the upside and amid background investor nervousness, the USD-JPY may shy away from its 55- day MA (118.74) and gravitate towards 118.00 instead pending further cues.”