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USD/JPY still neutral in the short-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The pair’s outlook remains tilted to the neutral side, reiterated the research team at UOB Group.

    Key Quotes

    “The recent pick-up in downward momentum fizzled out quickly as USD rebounded strongly from a low of 112.20”.

    “We have held a neutral view since the middle of last month and at this stage, there is no change in our outlook”.

    “Further choppy can be expected, likely in a broad 112.00/114.00 range”.
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