USD/JPY still neutral near-term – UOB

By FXStreet The research team at UOB Group has reiterated the neutral perspective of USD/JPY in the near term.

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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Source:: FX Street