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USD/JPY rangebound near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group has reiterated the neutral bias for USD/JPY in the next 1-3 weeks.

    Key Quotes

    “We view the sharp drop yesterday as part of a broad consolidation phase and not the resumption of the recent bearish phase”.

    “The outlook for USD remains mixed and we expect further choppy trading between 112.00 and 115.00”.
    For more information, read our latest forex news.
     

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