USD/JPY neutral perspective near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The outlook for USD/JPY in the next 1-3 weeks appears as neutral, suggested the research team at UOB Group.

    Key Quotes

    “While USD continues to move higher, the outlook is still viewed as neutral unless there is a clear break above the key 114.50 resistance”.

    “In the meanwhile, this pair is expected to continue to trade in a choppy manner but likely holding between 111.00 and 114.50”.

    “That said, based on the current momentum, a retest of the 111.00 low appears unlikely”.
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