USD/JPY still targets 109.70 – UOB

By FXStreet The research team at UOB Group reiterated USD/JPY‘s initial target at 109.70 in the next weeks.

Key Quotes

“USD touched a high of 109.64 yesterday, just below the 109.70 target”.

“The quick pull-back has clearly dented the upward momentum but confirmation of a short-term top is only upon a move below 108.20”.

“Until then, another attempt to take out 109.70 is still a distinct possibility”.
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Source:: FX Street