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USD/JPY bearish below 112.00 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group sees further weakness is waiting for the pair below the 112.00 handle.

    Key Quotes

    “While the short-term pressure is clearly on the downside, we prefer to see a daily closing below 112.00 before adopting a bearish stance”.

    “In the meanwhile, USD is expected to remain under pressure unless it can reclaim”
    For more information, read our latest forex news.

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