USD/JPY keeps the neutral stance near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - In view of the research team at UOB Group, the pair’s outlook remains biased towards the neutral side in the next few weeks.

    Key Quotes

    “We just shifted to a neutral stance yesterday and there is no change to the view”.

    “The near-term outlook is rather clouded due to the recent spike in volatility and at this stage, we prefer to hold the view that this pair is to trade in a broad 112.00/117.00 range for now”.
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