Flash: USD/JPY to decline further? - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank are open to considering further downside for USD/JPY ahead.

Key Quotes

"The latest November current account deficit print may embolden some JPY bears but given the outstanding stretched positioning and potential for further unwinding of global risk appetite levels, we continue to expect potential for further downside probes.”

“If 103.00 is breached, look for the next support at the 55-day MA (102.22)."