USD/JPY rangebound most likely – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The research team at UOB Group believes the pair could keep the 116.45-118.00 range in the near term.

    Key Quotes

    “The breach of 118.00 indicates that the bearish USD phase that started on 05 January (spot: 119.35) has ended”.

    “We hold a neutral view now and expect this pair to trade in a broad range between 116.45 and 118.80 in the coming days”.
    For more information, read our latest forex news.

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