USD/JPY rangebound near–term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In view of the research team at UOB Group, USD/JPY is poised to extend its consolidative pattern in the next 1-3 weeks.

    Key Quotes

    “There is not much to add as USD moved briefly above the top end of our expected 111.00/114.50 range yesterday (high of 114.55)”.

    “We remain neutral for now but from here, a clear break out of an expected 112.50/114.50 sideway trading range would indicate the start of a directional move”.
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